MIG Capital LLC Increases Stock Holdings in Rentokil Initial plc (NYSE:RTO)

MIG Capital LLC boosted its stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,543,879 shares of the company's stock after buying an additional 347,882 shares during the quarter. Rentokil Initial accounts for about 4.0% of MIG Capital LLC's holdings, making the stock its 12th biggest holding. MIG Capital LLC owned approximately 0.31% of Rentokil Initial worth $39,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after buying an additional 594 shares during the period. Sunbelt Securities Inc. increased its stake in shares of Rentokil Initial by 30.1% during the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock worth $43,000 after buying an additional 402 shares during the period. CENTRAL TRUST Co raised its holdings in Rentokil Initial by 15,208.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock valued at $47,000 after acquiring an additional 1,825 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Rentokil Initial by 486.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock worth $49,000 after acquiring an additional 1,611 shares during the last quarter. Finally, Cromwell Holdings LLC acquired a new position in Rentokil Initial during the 4th quarter worth approximately $59,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Stock Performance

NYSE RTO traded up $0.43 on Friday, reaching $22.27. The stock had a trading volume of 320,950 shares, compared to its average volume of 742,396. The stock has a market cap of $11.25 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a 12-month low of $19.60 and a 12-month high of $34.07. The business's 50-day moving average price is $23.59 and its 200 day moving average price is $24.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Rentokil Initial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RTO. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Citigroup upgraded shares of Rentokil Initial to a "strong-buy" rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rentokil Initial currently has a consensus rating of "Moderate Buy".

Rentokil Initial Company Profile

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.