Rentokil Initial PLC $RTO Holdings Boosted by Balefire LLC

Balefire LLC raised its stake in Rentokil Initial PLC (NYSE:RTO) by 35.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,463 shares of the company’s stock after acquiring an additional 26,706 shares during the period. Balefire LLC’s holdings in Rentokil Initial were worth $2,989,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Rentokil Initial by 76.5% in the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after purchasing an additional 534 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in 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 buying an additional 1,089 shares during the last quarter. IFP Advisors Inc increased its position in Rentokil Initial by 53.8% in the third quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock worth $50,000 after buying an additional 690 shares during the period. Russell Investments Group Ltd. increased its position in Rentokil Initial by 40.0% in the second quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock worth $110,000 after buying an additional 1,309 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Rentokil Initial by 88.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,723 shares of the company’s stock valued at $113,000 after buying an additional 2,213 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Stock Down 0.5%

Shares of RTO opened at $31.21 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 1.03. Rentokil Initial PLC has a one year low of $19.60 and a one year high of $33.47. The stock’s fifty day moving average is $31.61 and its 200-day moving average is $28.99.

Rentokil Initial Announces Dividend

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

Analysts Set New Price Targets

RTO has been the subject of several analyst reports. Morgan Stanley raised shares of Rentokil Initial from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. Oppenheimer lifted their price objective on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, March 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research note on Thursday, January 22nd. UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Rentokil Initial Company 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.