FNY Investment Advisers LLC Has $789,000 Stock Holdings in Rentokil Initial PLC $RTO

FNY Investment Advisers LLC raised its stake in Rentokil Initial PLC (NYSE:RTO) by 294.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,800 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. FNY Investment Advisers LLC’s holdings in Rentokil Initial were worth $789,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Pullen Investment Management LLC raised its stake in shares of Rentokil Initial by 0.7% during the 3rd quarter. Pullen Investment Management LLC now owns 48,758 shares of the company’s stock worth $1,231,000 after purchasing an additional 359 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Rentokil Initial by 2.0% in the third quarter. Vestmark Advisory Solutions Inc. now owns 21,228 shares of the company’s stock valued at $536,000 after buying an additional 414 shares in the last quarter. GAMMA Investing LLC increased its holdings in Rentokil Initial by 76.5% during the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after buying an additional 534 shares during the last quarter. IFP Advisors Inc increased its holdings in Rentokil Initial by 53.8% during 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 last quarter. Finally, SG Americas Securities LLC raised its position in Rentokil Initial by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 12,812 shares of the company’s stock worth $377,000 after acquiring an additional 694 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on RTO. Rothschild & Co Redburn upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Rentokil Initial from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Oppenheimer lifted their price target on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. Finally, Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Stock Up 2.4%

RTO stock opened at $32.79 on Friday. Rentokil Initial PLC has a one year low of $19.60 and a one year high of $33.47. The company has a fifty day moving average price of $31.56 and a two-hundred day moving average price of $29.23.

Rentokil Initial Dividend Announcement

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

About Rentokil Initial

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.