Raymond James Financial Inc. Makes New $11.44 Million Investment in Rentokil Initial plc (NYSE:RTO)

Raymond James Financial Inc. acquired a new stake in Rentokil Initial plc (NYSE:RTO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 451,678 shares of the company's stock, valued at approximately $11,436,000. Raymond James Financial Inc. owned about 0.09% of Rentokil Initial as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of RTO. Sunbelt Securities Inc. lifted its position in Rentokil Initial by 30.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock worth $43,000 after buying an additional 402 shares in the last quarter. Cape Investment Advisory Inc. lifted its position in shares of Rentokil Initial by 65.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after purchasing an additional 594 shares in the last quarter. Exencial Wealth Advisors LLC grew its stake in shares of Rentokil Initial by 2.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock valued at $1,102,000 after purchasing an additional 972 shares during the last quarter. Fiduciary Trust Co lifted its holdings in Rentokil Initial by 4.7% during the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company's stock worth $600,000 after buying an additional 1,070 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in Rentokil Initial by 140.4% in the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock valued at $60,000 after buying an additional 1,403 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on RTO. Deutsche Bank Aktiengesellschaft reiterated 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 report on Friday, December 13th. Four 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Rentokil Initial Trading Up 0.4 %

NYSE:RTO traded up $0.09 during trading hours on Monday, hitting $22.58. The stock had a trading volume of 715,867 shares, compared to its average volume of 721,314. The business's 50 day moving average is $24.29 and its 200-day moving average is $25.06. 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 $11.40 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a one year low of $20.60 and a one year high of $34.07.

Rentokil Initial Announces Dividend

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

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.