Rentokil Initial plc (NYSE:RTO) Stake Lessened by Atria Investments Inc

Atria Investments Inc cut its stake in Rentokil Initial plc (NYSE:RTO) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,329 shares of the company’s stock after selling 2,381 shares during the period. Atria Investments Inc’s holdings in Rentokil Initial were worth $337,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in RTO. Assetmark Inc. acquired a new stake in shares of Rentokil Initial during the third quarter worth $36,000. Crossmark Global Holdings Inc. bought a new stake in shares of Rentokil Initial during the 3rd quarter valued at about $334,000. Oppenheimer & Co. Inc. raised its stake in Rentokil Initial by 165.8% during the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock worth $1,386,000 after acquiring an additional 34,687 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co lifted its holdings in Rentokil Initial by 3.2% in the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 209,377 shares of the company’s stock worth $5,220,000 after acquiring an additional 6,401 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Rentokil Initial by 1,001.5% in the third quarter. First Horizon Advisors Inc. now owns 9,054 shares of the company’s stock valued at $226,000 after acquiring an additional 8,232 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RTO. Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reissued 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, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Rentokil Initial Price Performance

Shares of NYSE:RTO opened at $21.89 on Monday. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a 1 year low of $20.60 and a 1 year high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $24.48 and a 200 day simple moving average of $25.40.

Rentokil Initial Dividend Announcement

The company also recently declared 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 is 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.