XTX Topco Ltd Increases Stock Position in Rentokil Initial plc (NYSE:RTO)

XTX Topco Ltd grew its stake in Rentokil Initial plc (NYSE:RTO) by 99.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,960 shares of the company’s stock after buying an additional 8,455 shares during the period. XTX Topco Ltd’s holdings in Rentokil Initial were worth $503,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its holdings in shares of Rentokil Initial by 345,196.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock worth $47,056,000 after acquiring an additional 1,560,289 shares during the last quarter. Gates Capital Management Inc. boosted its holdings in shares of Rentokil Initial by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 5,155,193 shares of the company’s stock worth $147,490,000 after purchasing an additional 528,409 shares in the last quarter. Schroder Investment Management Group increased its position in shares of Rentokil Initial by 13.8% during the 4th quarter. Schroder Investment Management Group now owns 2,025,479 shares of the company’s stock valued at $57,949,000 after purchasing an additional 246,253 shares during the last quarter. Nicholas Company Inc. purchased a new position in shares of Rentokil Initial during the 2nd quarter valued at about $6,093,000. Finally, Rudius Management LP lifted its position in Rentokil Initial by 117.8% in the 4th quarter. Rudius Management LP now owns 366,754 shares of the company’s stock worth $10,493,000 after buying an additional 198,355 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RTO has been the topic of a number of recent research reports. UBS Group upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Monday, July 1st. Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Sanford C. Bernstein raised Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.00.

Rentokil Initial Trading Up 0.9 %

NYSE:RTO opened at $24.55 on Wednesday. The company has a fifty day moving average of $29.86 and a 200 day moving average of $29.01. Rentokil Initial plc has a 52 week low of $23.39 and a 52 week high of $37.44.

Rentokil Initial Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, August 9th were issued a dividend of $0.2034 per share. The ex-dividend date was Friday, August 9th. This represents a dividend yield of 1.7%.

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.