Rockefeller Capital Management L.P. Boosts Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Rockefeller Capital Management L.P. lifted its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 109.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,091,475 shares of the company's stock after acquiring an additional 570,330 shares during the period. Rockefeller Capital Management L.P. owned 0.22% of Rentokil Initial worth $27,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Keystone Financial Services purchased a new position in shares of Rentokil Initial in the fourth quarter worth about $236,000. ABS Direct Equity Fund LLC boosted its holdings in shares of 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 acquiring an additional 35,100 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of Rentokil Initial by 6.1% during the fourth 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 acquired a new position in Rentokil Initial during the fourth quarter valued at $257,000. Finally, Synovus Financial Corp boosted its holdings in 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 purchasing an additional 89,452 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.

Analyst Upgrades and Downgrades

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

Rentokil Initial Price Performance

Shares of RTO stock traded up $1.26 during mid-day trading on Friday, hitting $23.10. 3,532,595 shares of the stock were exchanged, compared to its average volume of 748,703. Rentokil Initial plc has a 52-week low of $19.60 and a 52-week high of $34.07. 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 company has a market cap of $11.66 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. The firm has a fifty day moving average of $23.29 and a 200 day moving average of $24.46.

Rentokil Initial Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders 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 of this dividend is Friday, April 4th. Rentokil Initial's dividend payout ratio (DPR) 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.