Snyder Capital Management L P Buys New Stake in Rentokil Initial plc (NYSE:RTO)

Snyder Capital Management L P purchased a new stake in Rentokil Initial plc (NYSE:RTO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 959,581 shares of the company's stock, valued at approximately $24,297,000. Snyder Capital Management L P owned approximately 0.19% of Rentokil Initial as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of RTO. Cape Investment Advisory Inc. raised its position 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 purchasing an additional 594 shares in the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Rentokil Initial by 15,208.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock worth $47,000 after purchasing an additional 1,825 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Rentokil Initial by 486.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock valued at $49,000 after buying an additional 1,611 shares during the period. Cromwell Holdings LLC purchased a new position in Rentokil Initial during the 4th quarter valued at $59,000. Finally, Blue Trust Inc. raised its position in shares of Rentokil Initial by 140.4% in the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock worth $60,000 after acquiring an additional 1,403 shares in the last quarter. Institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock traded up $0.27 during trading hours on Friday, reaching $23.03. 431,637 shares of the stock traded hands, compared to its average volume of 766,660. 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 plc has a one year low of $19.60 and a one year high of $34.07. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 15.25, a P/E/G ratio of 7.95 and a beta of 1.07. The company has a 50 day moving average price of $22.90 and a 200 day moving average price of $24.42.

Rentokil Initial Announces Dividend

The business 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 dividend of $0.3825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial's payout ratio is currently 43.71%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rentokil Initial presently has a consensus 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.