Rentokil Initial plc (NYSE:RTO) Shares Purchased by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC grew its stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 222.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,929 shares of the company's stock after acquiring an additional 24,100 shares during the period. OneDigital Investment Advisors LLC's holdings in Rentokil Initial were worth $884,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cape Investment Advisory Inc. raised its stake in Rentokil Initial by 65.2% during the fourth 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 in the last quarter. MML Investors Services LLC raised its position in shares of Rentokil Initial by 0.8% during the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock valued at $2,296,000 after acquiring an additional 704 shares in the last quarter. Exencial Wealth Advisors LLC lifted its stake 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 during the last quarter. Russell Investments Group Ltd. boosted its holdings in Rentokil Initial by 63.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after purchasing an additional 1,281 shares during the period. Finally, Blue Trust Inc. increased its stake in Rentokil Initial by 140.4% during 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 last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Rentokil Initial currently has a consensus rating of "Moderate Buy".

Rentokil Initial Stock Up 1.2 %

Shares of Rentokil Initial stock opened at $23.03 on Friday. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a twelve month low of $19.60 and a twelve month high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The business's 50 day simple moving average is $22.90 and its 200-day simple moving average is $24.41.

Rentokil Initial Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be given a $0.3825 dividend. This represents a yield of 2.4%. The ex-dividend date is Friday, April 4th. Rentokil Initial's dividend 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.

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