Rentokil Initial plc (NYSE:RTO) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,174 shares of the company’s stock after acquiring an additional 1,523 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Rentokil Initial were worth $485,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Teca Partners LP bought a new position in shares of Rentokil Initial in the fourth quarter valued at $1,142,000. MSH Capital Advisors LLC bought a new stake in Rentokil Initial in the fourth quarter worth $555,000. Marshall Wace LLP boosted its holdings in Rentokil Initial by 136.3% during the fourth quarter. Marshall Wace LLP now owns 440,438 shares of the company’s stock valued at $11,152,000 after acquiring an additional 254,028 shares during the period. Gabelli Funds LLC boosted its holdings in Rentokil Initial by 18.6% during the fourth quarter. Gabelli Funds LLC now owns 76,500 shares of the company’s stock valued at $1,937,000 after acquiring an additional 12,000 shares during the period. Finally, Broyhill Asset Management acquired a new position in shares of Rentokil Initial during the fourth quarter valued at about $2,797,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Sanford C. Bernstein lowered shares of Rentokil Initial from a “market perform” rating to an “underperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Up 0.1%

Shares of RTO opened at $23.39 on Friday. The stock’s fifty day simple moving average is $22.53 and its 200-day simple moving average is $24.32. The firm has a market capitalization of $11.81 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 7.95 and a beta of 0.96. Rentokil Initial plc has a 12-month low of $19.60 and a 12-month high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Rentokil Initial Dividend Announcement

The company also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 4th were issued a $0.3825 dividend. This represents a yield of 2.4%. The ex-dividend date was Friday, April 4th. Rentokil Initial’s dividend payout ratio is 45.03%.

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.