Signaturefd LLC Trims Stake in Rentokil Initial plc (NYSE:RTO)

Signaturefd LLC lessened its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,806 shares of the company’s stock after selling 737 shares during the period. Signaturefd LLC’s holdings in Rentokil Initial were worth $223,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Gitterman Wealth Management LLC bought a new position in Rentokil Initial in the 4th quarter valued at $217,000. River Road Asset Management LLC grew its holdings in shares of Rentokil Initial by 114.2% in the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock worth $95,862,000 after purchasing an additional 2,018,866 shares during the last quarter. King Luther Capital Management Corp purchased a new stake in Rentokil Initial in the 4th quarter valued at about $216,000. Raymond James Financial Inc. bought a new position in Rentokil Initial in the 4th quarter worth about $11,436,000. Finally, Assetmark Inc. boosted its holdings in shares of Rentokil Initial by 1,475.8% in the fourth quarter. Assetmark Inc. now owns 22,944 shares of the company’s stock valued at $581,000 after purchasing an additional 21,488 shares during the period. Institutional investors own 9.91% of the company’s stock.

Analyst Ratings Changes

RTO has been the topic of several research reports. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Down 0.1 %

Shares of NYSE:RTO opened at $22.50 on Friday. 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 company has a market capitalization of $11.36 billion, a PE ratio of 14.90, a P/E/G ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a 12-month low of $20.60 and a 12-month high of $34.07. The business’s fifty day simple moving average is $24.29 and its 200-day simple moving average is $25.15.

Rentokil Initial Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be issued a $0.3825 dividend. The ex-dividend date is Friday, April 4th. This represents a yield of 2.4%. Rentokil Initial’s dividend payout ratio is presently 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.