Rentokil Initial plc (NYSE:RTO) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lifted its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 222.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,929 shares of the company’s stock after acquiring an additional 24,100 shares during the period. OneDigital Investment Advisors LLC’s holdings in Rentokil Initial were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in Rentokil Initial during the 3rd quarter worth $295,000. Synovus Financial Corp lifted its holdings in Rentokil Initial by 88.9% in the third quarter. Synovus Financial Corp now owns 190,025 shares of the company’s stock worth $4,737,000 after purchasing an additional 89,452 shares during the period. Peapack Gladstone Financial Corp grew its position in Rentokil Initial by 5.1% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 302,919 shares of the company’s stock valued at $7,552,000 after buying an additional 14,745 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Rentokil Initial by 160.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,803 shares of the company’s stock valued at $170,000 after buying an additional 4,190 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Rentokil Initial in the 4th quarter worth approximately $271,000. 9.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rentokil Initial Price Performance

NYSE:RTO opened at $23.03 on Friday. Rentokil Initial plc has a 52-week low of $19.60 and a 52-week 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. The firm has a market cap of $11.63 billion, a P/E ratio of 15.25, a PEG ratio of 7.95 and a beta of 1.07. The business’s 50-day moving average price is $22.90 and its 200 day moving average price is $24.41.

Rentokil Initial Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be issued a $0.3825 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial’s payout ratio is currently 43.71%.

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.