Citigroup Inc. raised its stake in shares of Rentokil Initial plc (NYSE:RTO – Free Report) by 10.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 146,656 shares of the company’s stock after purchasing an additional 13,893 shares during the period. Citigroup Inc.’s holdings in Rentokil Initial were worth $5,354,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Parallel Advisors LLC bought a new position in shares of Rentokil Initial during the 4th quarter valued at approximately $26,000. Delta Asset Management LLC TN bought a new position in shares of Rentokil Initial in the fourth quarter worth approximately $27,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Rentokil Initial in the first quarter worth $29,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Rentokil Initial in the fourth quarter worth $32,000. Finally, Ancora Advisors LLC bought a new stake in shares of Rentokil Initial during the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 9.66% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Oppenheimer increased their price target on Rentokil Initial from $40.00 to $47.00 in a research note on Monday, May 22nd.
Rentokil Initial Price Performance
Shares of RTO opened at $37.42 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.87. Rentokil Initial plc has a 1 year low of $24.85 and a 1 year high of $41.55. The company has a 50 day simple moving average of $38.91 and a two-hundred day simple moving average of $37.40.
Rentokil Initial Cuts Dividend
The business also recently announced a semi-annual dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 4th will be paid a dividend of $0.1774 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a yield of 1.1%.
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.
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