Rentokil Initial PLC $RTO Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its stake in Rentokil Initial PLC (NYSE:RTO) by 36.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,391 shares of the company’s stock after acquiring an additional 16,553 shares during the quarter. Bleakley Financial Group LLC’s holdings in Rentokil Initial were worth $1,809,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in Rentokil Initial by 105.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,553,740 shares of the company’s stock valued at $39,232,000 after acquiring an additional 798,660 shares during the period. Clark Estates Inc. NY acquired a new position in shares of Rentokil Initial in the third quarter worth about $8,332,000. Nichols & Pratt Advisers LLP MA lifted its stake in shares of Rentokil Initial by 5.9% in the third quarter. Nichols & Pratt Advisers LLP MA now owns 871,415 shares of the company’s stock worth $22,003,000 after acquiring an additional 48,184 shares in the last quarter. Advisor OS LLC acquired a new position in shares of Rentokil Initial in the third quarter worth about $1,014,000. Finally, Summitry LLC raised its stake in Rentokil Initial by 26.4% during the third quarter. Summitry LLC now owns 1,450,787 shares of the company’s stock valued at $36,632,000 after buying an additional 303,332 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Trading Down 2.4%

Shares of Rentokil Initial stock opened at $30.52 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. Rentokil Initial PLC has a 12 month low of $22.72 and a 12 month high of $34.67. The business has a fifty day simple moving average of $32.57 and a 200-day simple moving average of $30.99.

Rentokil Initial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RTO. Oppenheimer boosted their price target on Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, March 10th. Rothschild & Co Redburn raised Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Wednesday, March 11th. Zacks Research raised Rentokil Initial from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. UBS Group raised Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, March 12th. Finally, Wall Street Zen lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.50.

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.