Rock Creek Group LP Increases Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Rock Creek Group LP boosted its stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,633 shares of the company's stock after buying an additional 13,933 shares during the period. Rentokil Initial accounts for 0.2% of Rock Creek Group LP's investment portfolio, making the stock its 25th largest position. Rock Creek Group LP's holdings in Rentokil Initial were worth $2,168,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co lifted its stake in shares of Rentokil Initial by 4.7% in the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company's stock valued at $600,000 after purchasing an additional 1,070 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Rentokil Initial in the third quarter valued at approximately $805,000. Maverick Capital Ltd. acquired a new position in shares of Rentokil Initial in the third quarter valued at approximately $14,820,000. HighTower Advisors LLC increased its stake 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 purchasing an additional 23,892 shares during the last quarter. Finally, Harvey Partners LLC raised its holdings in Rentokil Initial by 48.3% during the third 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 in the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.

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Rentokil Initial Price Performance

Shares of RTO traded down $0.16 during trading hours on Thursday, reaching $23.00. 993,070 shares of the company traded hands, compared to its average volume of 734,547. The stock has a fifty day simple moving average of $24.16 and a 200 day simple moving average of $24.77. Rentokil Initial plc has a fifty-two week low of $20.60 and a fifty-two week high of $34.07. The stock has a market capitalization of $11.61 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 7.95 and a beta of 1.14. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Rentokil Initial Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given 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 currently 43.71%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Citigroup raised Rentokil Initial to a "strong-buy" rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. Based on data from 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.