Rentokil Initial plc (NYSE:RTO) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its position in shares of Rentokil Initial plc (NYSE:RTO) by 72.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 28,577 shares of the company’s stock after acquiring an additional 12,049 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Rentokil Initial were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. raised its position in shares of Rentokil Initial by 65.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock worth $38,000 after purchasing an additional 594 shares during the period. MML Investors Services LLC increased 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 purchasing an additional 704 shares during the period. Exencial Wealth Advisors LLC grew its holdings in Rentokil Initial by 2.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company’s stock worth $1,102,000 after acquiring an additional 972 shares during the period. Russell Investments Group Ltd. lifted its stake in Rentokil Initial by 63.9% during the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company’s stock valued at $83,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Rentokil Initial by 140.4% during the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company’s stock valued at $60,000 after acquiring an additional 1,403 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of RTO opened at $23.13 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a 52 week low of $19.60 and a 52 week high of $34.07. The company’s 50 day moving average price is $22.45 and its 200 day moving average price is $24.35. The company has a market capitalization of $11.68 billion, a PE ratio of 15.32, a PEG ratio of 7.95 and a beta of 0.96.

Rentokil Initial Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.3825 per share. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, April 4th. Rentokil Initial’s dividend payout ratio (DPR) is presently 43.71%.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Three equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rentokil Initial Company Profile

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.