Broyhill Asset Management LLC Buys 29,714 Shares of Rentokil Initial PLC $RTO

Broyhill Asset Management LLC boosted its stake in Rentokil Initial PLC (NYSE:RTO) by 33.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,455 shares of the company’s stock after buying an additional 29,714 shares during the period. Rentokil Initial accounts for approximately 2.6% of Broyhill Asset Management LLC’s portfolio, making the stock its 13th largest position. Broyhill Asset Management LLC’s holdings in Rentokil Initial were worth $2,991,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Rentokil Initial by 171.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock worth $43,000 after acquiring an additional 1,089 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Rentokil Initial by 40.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock valued at $110,000 after purchasing an additional 1,309 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Rentokil Initial by 88.2% during the second quarter. PNC Financial Services Group Inc. now owns 4,723 shares of the company’s stock valued at $113,000 after purchasing an additional 2,213 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Rentokil Initial by 24.3% during the third quarter. Versant Capital Management Inc now owns 6,914 shares of the company’s stock valued at $175,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Rentokil Initial by 122.9% in the second quarter. Advisors Asset Management Inc. now owns 7,610 shares of the company’s stock worth $183,000 after purchasing an additional 4,196 shares during the period. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Trading Down 0.8%

Shares of NYSE:RTO opened at $32.33 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average price is $31.56 and its 200-day moving average price is $28.59. Rentokil Initial PLC has a twelve month low of $19.60 and a twelve month high of $33.47.

Rentokil Initial Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Friday, April 10th will be paid a dividend of $0.412 per share. This represents a dividend yield of 266.0%. The ex-dividend date is Friday, April 10th.

Wall Street Analysts Forecast Growth

RTO has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rentokil Initial in a report on Friday, November 21st. Deutsche Bank Aktiengesellschaft downgraded shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Oppenheimer increased their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research report on Thursday, January 22nd. Finally, Rothschild & Co Redburn upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Rentokil Initial Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.