Rentokil Initial plc (NYSE:RTO) Shares Bought by Marshall Wace LLP

Marshall Wace LLP grew its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 136.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 440,438 shares of the company's stock after acquiring an additional 254,028 shares during the quarter. Marshall Wace LLP owned about 0.09% of Rentokil Initial worth $11,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cape Investment Advisory Inc. increased its stake in Rentokil Initial by 65.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock valued at $38,000 after purchasing an additional 594 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Rentokil Initial by 15,208.3% in the 4th quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock valued at $47,000 after buying an additional 1,825 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Rentokil Initial by 486.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock valued at $49,000 after acquiring an additional 1,611 shares during the last quarter. Cromwell Holdings LLC acquired a new position in Rentokil Initial in the fourth quarter valued at $59,000. Finally, Blue Trust Inc. boosted its stake in Rentokil Initial by 140.4% in the fourth quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock valued at $60,000 after acquiring an additional 1,403 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Rentokil Initial Stock Performance

NYSE:RTO traded up $0.27 during trading hours on Friday, reaching $23.03. 431,637 shares of the company's stock were exchanged, compared to its average volume of 765,096. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a 1-year low of $19.60 and a 1-year high of $34.07. The company has a 50-day moving average of $22.98 and a 200 day moving average of $24.42.

Rentokil Initial Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be issued a dividend of $0.3825 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, April 4th. Rentokil Initial's dividend payout ratio is currently 43.71%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.