Harbour Investments Inc. Buys 69,735 Shares of Rentokil Initial PLC $RTO

Harbour Investments Inc. boosted its stake in Rentokil Initial PLC (NYSE:RTO) by 13,308.2% during the 4th quarter, HoldingsChannel reports. The fund owned 70,259 shares of the company’s stock after acquiring an additional 69,735 shares during the quarter. Harbour Investments Inc.’s holdings in Rentokil Initial were worth $2,070,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Rentokil Initial by 76.5% in the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after acquiring an additional 534 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Rentokil Initial by 171.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after acquiring an additional 1,089 shares in the last quarter. IFP Advisors Inc lifted its position in Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after acquiring an additional 690 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Rentokil Initial by 296.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock worth $58,000 after buying an additional 1,461 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new stake in Rentokil Initial during the 4th quarter worth about $84,000. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Price Performance

Shares of NYSE:RTO opened at $30.52 on Friday. The company’s 50-day moving average price is $32.57 and its two-hundred day moving average price is $30.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. Rentokil Initial PLC has a one year low of $22.72 and a one year high of $34.67.

Rentokil Initial Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, April 10th were issued a $0.412 dividend. This represents a dividend yield of 245.0%. The ex-dividend date of this dividend was Friday, April 10th.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Oppenheimer boosted their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 10th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rentokil Initial has an average rating of “Moderate Buy” and an average 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.