Synovus Financial Corp Has $2.55 Million Holdings in Rentokil Initial plc (NYSE:RTO)

Synovus Financial Corp decreased its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,858 shares of the company's stock after selling 89,167 shares during the quarter. Synovus Financial Corp's holdings in Rentokil Initial were worth $2,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTO. Sunbelt Securities Inc. increased its stake in shares of Rentokil Initial by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock worth $43,000 after acquiring an additional 402 shares during the last quarter. Cape Investment Advisory Inc. grew its stake in Rentokil Initial by 65.2% in 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. Exencial Wealth Advisors LLC increased its position in Rentokil Initial by 2.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock worth $1,102,000 after purchasing an additional 972 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Rentokil Initial by 63.9% during the 4th quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Rentokil Initial by 140.4% during the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock valued at $60,000 after buying an additional 1,403 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Up 5.8 %

NYSE:RTO traded up $1.26 during trading hours on Friday, reaching $23.10. The company's stock had a trading volume of 3,532,595 shares, compared to its average volume of 748,863. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a one year low of $19.60 and a one year high of $34.07. The business's 50-day moving average is $23.29 and its 200-day moving average is $24.46.

Rentokil Initial Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be paid 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 dividend payout ratio (DPR) is presently 43.71%.

Wall Street Analyst Weigh In

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