Atria Investments Inc Has $337,000 Position in Rentokil Initial plc (NYSE:RTO)

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

A number of other hedge funds also recently made changes to their positions in the business. Janus Henderson Group PLC increased its stake in Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after acquiring an additional 617,227 shares during the period. Harvey Partners LLC boosted its holdings in Rentokil Initial by 48.3% during the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock valued at $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Alberta Investment Management Corp grew its stake in shares of Rentokil Initial by 21.6% in the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company’s stock valued at $33,232,000 after purchasing an additional 232,871 shares during the period. MIG Capital LLC raised its holdings in shares of Rentokil Initial by 34.3% in the 3rd quarter. MIG Capital LLC now owns 1,195,997 shares of the company’s stock worth $29,816,000 after buying an additional 305,374 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA lifted its position in shares of Rentokil Initial by 11.0% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 793,679 shares of the company’s stock worth $20,096,000 after buying an additional 78,953 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Stock Up 2.3 %

Shares of Rentokil Initial stock opened at $21.89 on Monday. The firm has a market cap of $11.05 billion, a PE ratio of 14.49, a P/E/G ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a 52-week low of $20.60 and a 52-week high of $34.07. The business’s 50 day simple moving average is $24.48 and its 200 day simple moving average is $25.40. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Rentokil Initial Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be given a dividend of $0.3825 per share. 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 (DPR) is 43.71%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RTO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Rentokil Initial

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.