Rentokil Initial plc (NYSE:RTO - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $21.84, but opened at $23.30. Rentokil Initial shares last traded at $23.22, with a volume of 389,933 shares traded.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Check Out Our Latest Research Report on Rentokil Initial
Rentokil Initial Stock Performance
The firm has a fifty day moving average of $23.23 and a 200-day moving average of $24.45. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 7.95 and a beta of 1.07.
Rentokil Initial Dividend Announcement
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders 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 is Friday, April 4th. Rentokil Initial's dividend payout ratio (DPR) is presently 43.71%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of RTO. Keystone Financial Services purchased a new position in Rentokil Initial during the fourth quarter worth $236,000. ABS Direct Equity Fund LLC lifted its holdings in Rentokil Initial by 28.1% in the 4th quarter. ABS Direct Equity Fund LLC now owns 160,000 shares of the company's stock valued at $4,051,000 after purchasing an additional 35,100 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Rentokil Initial by 6.1% during the 4th quarter. Stephens Inc. AR now owns 431,185 shares of the company's stock worth $10,918,000 after purchasing an additional 24,699 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Rentokil Initial during the fourth quarter worth about $257,000. Finally, Synovus Financial Corp raised its position in shares of Rentokil Initial by 88.9% in the third quarter. Synovus Financial Corp now owns 190,025 shares of the company's stock valued at $4,737,000 after buying an additional 89,452 shares during the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.
Rentokil Initial Company Profile
(
Get 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.
Featured Stories
Before you consider Rentokil Initial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rentokil Initial wasn't on the list.
While Rentokil Initial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
