Pacifica Capital Investments LLC Purchases New Stake in Rentokil Initial plc (NYSE:RTO)

Pacifica Capital Investments LLC purchased a new stake in Rentokil Initial plc (NYSE:RTO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 193,305 shares of the company's stock, valued at approximately $4,894,000. Rentokil Initial makes up about 1.6% of Pacifica Capital Investments LLC's holdings, making the stock its 9th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in RTO. River Road Asset Management LLC grew its holdings in shares of Rentokil Initial by 114.2% during the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after buying an additional 2,018,866 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Rentokil Initial by 3.8% during the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company's stock worth $423,573,000 after acquiring an additional 617,227 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Rentokil Initial in the third quarter valued at approximately $14,820,000. Harvey Partners LLC lifted its position in shares of Rentokil Initial by 48.3% in the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company's stock worth $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Rentokil Initial during the fourth quarter worth $11,436,000. Institutional investors and hedge funds own 9.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. Citigroup raised Rentokil Initial to a "strong-buy" rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

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Rentokil Initial Stock Performance

RTO stock traded down $0.24 during trading hours on Friday, reaching $22.92. The stock had a trading volume of 772,779 shares, compared to its average volume of 727,189. The stock has a 50-day simple moving average of $24.20 and a 200 day simple moving average of $24.85. Rentokil Initial plc has a fifty-two week low of $20.60 and a fifty-two week high of $34.07. The stock has a market capitalization of $11.57 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 7.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

Rentokil Initial Dividend Announcement

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

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.