Norges Bank bought a new position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,621 shares of the company's stock, valued at approximately $1,332,000.
A number of other institutional investors also recently added to or reduced their stakes in RTO. Sunbelt Securities Inc. increased its holdings in shares of Rentokil Initial by 30.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock valued at $43,000 after acquiring an additional 402 shares during the last quarter. Cape Investment Advisory Inc. increased its stake in Rentokil Initial by 65.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock valued at $38,000 after buying an additional 594 shares during the period. Exencial Wealth Advisors LLC raised its holdings in Rentokil Initial by 2.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock worth $1,102,000 after purchasing an additional 972 shares in the last quarter. Blue Trust Inc. lifted its position 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 purchasing an additional 1,403 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Rentokil Initial by 486.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock valued at $49,000 after purchasing an additional 1,611 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.
Rentokil Initial Price Performance
RTO stock traded up $1.57 during trading on Thursday, reaching $23.41. 584,353 shares of the company were exchanged, compared to its average volume of 744,871. Rentokil Initial plc has a 52-week low of $19.60 and a 52-week high of $34.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company has a market cap of $11.82 billion, a P/E ratio of 15.49, a PEG ratio of 7.95 and a beta of 1.07. The stock's 50 day moving average price is $23.38 and its 200 day moving average price is $24.48.
Rentokil Initial Dividend Announcement
The company 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 $0.3825 dividend. 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 note on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Report on Rentokil Initial
About Rentokil Initial
(
Free Report)
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.
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