Peapack Gladstone Financial Corp Decreases Stock Position in Rentokil Initial plc (NYSE:RTO)

Peapack Gladstone Financial Corp cut its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 63.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,777 shares of the company's stock after selling 191,142 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Rentokil Initial were worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of RTO. Verition Fund Management LLC bought a new stake in shares of Rentokil Initial in the 3rd quarter worth approximately $805,000. HighTower Advisors LLC boosted its holdings in Rentokil Initial by 36.8% in the third quarter. HighTower Advisors LLC now owns 88,747 shares of the company's stock valued at $2,205,000 after acquiring an additional 23,892 shares in the last quarter. XTX Topco Ltd increased its position in Rentokil Initial by 22.5% during the 3rd quarter. XTX Topco Ltd now owns 20,768 shares of the company's stock valued at $518,000 after purchasing an additional 3,808 shares during the period. MML Investors Services LLC raised its holdings in Rentokil Initial by 4.6% in the 3rd quarter. MML Investors Services LLC now owns 89,983 shares of the company's stock worth $2,243,000 after purchasing an additional 3,997 shares in the last quarter. Finally, ABS Direct Equity Fund LLC lifted its position in shares of Rentokil Initial by 3.9% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 124,900 shares of the company's stock worth $3,114,000 after purchasing an additional 4,668 shares during the period. Hedge funds and other institutional investors own 9.91% of the company's stock.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Rentokil Initial presently has an average rating of "Moderate Buy".

Rentokil Initial Stock Up 3.0 %

Shares of RTO traded up $0.65 during mid-day trading on Friday, reaching $22.49. The company had a trading volume of 686,443 shares, compared to its average volume of 747,438. Rentokil Initial plc has a 52 week low of $19.60 and a 52 week high of $34.07. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. The firm has a 50-day moving average price of $23.55 and a 200 day moving average price of $24.54. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Rentokil Initial Announces Dividend

The company 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. This represents a yield of 2.4%. The ex-dividend date is Friday, April 4th. Rentokil Initial's payout ratio is 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.