Cetera Investment Advisers Boosts Stake in Rentokil Initial PLC (NYSE:RTO)

Cetera Investment Advisers raised its position in Rentokil Initial PLC (NYSE:RTO) by 27.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,646 shares of the company’s stock after buying an additional 8,985 shares during the period. Cetera Investment Advisers’ holdings in Rentokil Initial were worth $954,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MML Investors Services LLC grew its position in shares of Rentokil Initial by 0.8% during the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company’s stock valued at $2,296,000 after acquiring an additional 704 shares during the period. Whittier Trust Co. grew its position in shares of Rentokil Initial by 8.0% during the 1st quarter. Whittier Trust Co. now owns 13,043 shares of the company’s stock valued at $299,000 after acquiring an additional 967 shares during the period. Russell Investments Group Ltd. grew its position in shares of Rentokil Initial by 63.9% during the 4th quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company’s stock valued at $83,000 after acquiring an additional 1,281 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Rentokil Initial by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 19,174 shares of the company’s stock valued at $485,000 after acquiring an additional 1,523 shares during the period. Finally, Keystone Financial Services grew its position in shares of Rentokil Initial by 22.0% during the 1st quarter. Keystone Financial Services now owns 11,392 shares of the company’s stock valued at $261,000 after acquiring an additional 2,057 shares during the period. 9.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

RTO has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Sanford C. Bernstein downgraded shares of Rentokil Initial from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 15th.

Rentokil Initial Stock Down 0.3%

RTO opened at $25.05 on Wednesday. The company has a 50 day moving average of $23.88 and a 200 day moving average of $23.65. The company has a market cap of $12.66 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 4.32 and a beta of 0.92. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $34.07. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59.

Rentokil Initial Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 23rd. Investors of record on Friday, August 15th will be issued a $0.2738 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 240.0%. Rentokil Initial’s dividend payout ratio (DPR) is 45.70%.

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.