Voss Capital LP Raises Stake in Rentokil Initial plc (NYSE:RTO)

Voss Capital LP raised its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,090,287 shares of the company's stock after purchasing an additional 540,287 shares during the quarter. Rentokil Initial makes up approximately 5.8% of Voss Capital LP's investment portfolio, making the stock its 6th largest holding. Voss Capital LP owned approximately 0.61% of Rentokil Initial worth $78,246,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cape Investment Advisory Inc. raised its stake in Rentokil Initial by 65.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after buying an additional 594 shares during the period. CENTRAL TRUST Co increased its position 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 acquiring an additional 1,825 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Rentokil Initial by 486.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock worth $49,000 after acquiring an additional 1,611 shares during the last quarter. Cromwell Holdings LLC bought a new position in Rentokil Initial in the 4th quarter valued at about $59,000. Finally, Blue Trust Inc. boosted its stake in 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 purchasing an additional 1,403 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Analysts Set New Price Targets

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

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock traded up $0.27 during mid-day trading on Friday, hitting $23.03. 431,637 shares of the stock were exchanged, compared to its average volume of 890,965. The company has a market capitalization of $11.63 billion, a P/E ratio of 15.25, a P/E/G ratio of 7.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company has a 50-day simple moving average of $22.98 and a 200 day simple moving average of $24.42. Rentokil Initial plc has a 12 month low of $19.60 and a 12 month high of $34.07.

Rentokil Initial Announces Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be given a $0.3825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a yield of 2.4%. Rentokil Initial's dividend payout ratio is currently 43.71%.

Rentokil Initial 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.