Citigroup Inc. Makes New Investment in Rentokil Initial plc (NYSE:RTO)

Citigroup Inc. acquired a new stake in Rentokil Initial plc (NYSE:RTO – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 132,763 shares of the company’s stock, valued at approximately $4,090,000.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Rentokil Initial in the fourth quarter valued at approximately $19,114,000. Trinity Street Asset Management LLP bought a new position in shares of Rentokil Initial in the fourth quarter valued at approximately $12,751,000. Envestnet Asset Management Inc. bought a new stake in Rentokil Initial during the fourth quarter worth approximately $9,622,000. Raymond James & Associates bought a new stake in Rentokil Initial during the fourth quarter worth approximately $8,785,000. Finally, Nichols & Pratt Advisers LLP MA bought a new stake in Rentokil Initial during the fourth quarter worth approximately $7,710,000. Institutional investors and hedge funds own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on RTO shares. Barclays started coverage on shares of Rentokil Initial in a research note on Tuesday, March 7th. They issued an “overweight” rating for the company. BNP Paribas raised shares of Rentokil Initial from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 22nd.

Rentokil Initial Trading Down 0.7 %

NYSE:RTO opened at $39.96 on Monday. Rentokil Initial plc has a 1 year low of $24.85 and a 1 year high of $40.70. The firm’s fifty day simple moving average is $37.11 and its 200 day simple moving average is $33.34.

Rentokil Initial Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Tuesday, April 11th will be given a $0.3169 dividend. The ex-dividend date is Monday, April 10th. This represents a yield of 0.8%.

Rentokil Initial Profile

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Rentokil Initial Plc engages in the provision of business support services. The firm’s products and services protect people from pest-borne disease and the risks of poor hygiene. It operates through the following geographical segments: North America, Europe, UK and Sub-Saharan Africa, Asia and MENAT, and Pacific.