Anthracite Investment Company Inc. Sells 60,000 Shares of Rentokil Initial plc (NYSE:RTO)

Anthracite Investment Company Inc. trimmed its holdings in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,402 shares of the company's stock after selling 60,000 shares during the quarter. Rentokil Initial accounts for 1.4% of Anthracite Investment Company Inc.'s holdings, making the stock its 15th biggest position. Anthracite Investment Company Inc.'s holdings in Rentokil Initial were worth $3,909,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of RTO. Janus Henderson Group PLC increased its position in shares of Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company's stock valued at $423,573,000 after acquiring an additional 617,227 shares during the last quarter. River Road Asset Management LLC increased its position in shares of Rentokil Initial by 114.2% during the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after purchasing an additional 2,018,866 shares during the last quarter. Harvey Partners LLC increased its position in shares of Rentokil Initial by 48.3% during the 3rd 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 during the last quarter. Alberta Investment Management Corp boosted its holdings in shares of Rentokil Initial by 21.6% in the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock valued at $33,232,000 after buying an additional 232,871 shares during the last quarter. Finally, MIG Capital LLC grew its stake in shares of Rentokil Initial by 34.3% in the third quarter. MIG Capital LLC now owns 1,195,997 shares of the company's stock valued at $29,816,000 after buying an additional 305,374 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

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Rentokil Initial Stock Performance

Shares of RTO stock traded down $0.24 during trading on Friday, reaching $22.92. 772,779 shares of the company's stock were exchanged, compared to its average volume of 727,189. Rentokil Initial plc has a twelve month low of $20.60 and a twelve month high of $34.07. The firm's fifty day moving average price is $24.20 and its 200-day moving average price is $24.81. 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 $11.57 billion, a PE ratio of 15.18, a PEG ratio of 7.95 and a beta of 1.14.

Rentokil Initial Dividend Announcement

The business also recently declared 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 is Friday, April 4th. This represents a yield of 2.4%. Rentokil Initial's dividend payout ratio (DPR) is currently 43.71%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Citigroup upgraded shares of Rentokil Initial to a "strong-buy" rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

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.