Veracity Capital LLC Takes Position in Rentokil Initial plc (NYSE:RTO)

Veracity Capital LLC bought a new position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 25,847 shares of the company's stock, valued at approximately $644,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RTO. Janus Henderson Group PLC lifted its holdings in Rentokil Initial by 0.7% during the first quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company's stock worth $486,610,000 after acquiring an additional 105,248 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Rentokil Initial by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company's stock valued at $60,768,000 after purchasing an additional 109,561 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Rentokil Initial by 130.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company's stock valued at $54,530,000 after purchasing an additional 1,041,860 shares during the period. Lazard Asset Management LLC increased its stake in Rentokil Initial by 345,196.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company's stock worth $47,056,000 after purchasing an additional 1,560,289 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Rentokil Initial by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company's stock worth $23,701,000 after buying an additional 101,090 shares during the period. 9.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RTO. Barclays raised shares of Rentokil Initial to a "strong-buy" rating in a research report on Friday, July 26th. UBS Group raised Rentokil Initial from a "sell" rating to a "neutral" rating in a research note on Monday, July 1st. Redburn Atlantic lowered Rentokil Initial from a "buy" rating to a "neutral" rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded Rentokil Initial from an "underperform" rating to a "market perform" rating in a report on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $29.00.

Rentokil Initial Stock Up 0.7 %

Rentokil Initial stock traded up $0.18 during mid-day trading on Friday, reaching $24.74. The company's stock had a trading volume of 911,955 shares, compared to its average volume of 729,658. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 12 month low of $22.40 and a 12 month high of $34.07. The business's 50 day simple moving average is $27.63 and its 200 day simple moving average is $28.21.

Rentokil Initial Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, August 9th were issued a $0.2034 dividend. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 9th.

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.