Gitterman Wealth Management LLC Acquires New Position in Rentokil Initial plc (NYSE:RTO)

Gitterman Wealth Management LLC bought a new position in Rentokil Initial plc (NYSE:RTO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,578 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors also recently modified their holdings of RTO. River Road Asset Management LLC raised its stake in shares of Rentokil Initial by 114.2% during the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock worth $95,862,000 after purchasing an additional 2,018,866 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after buying an additional 617,227 shares during the last quarter. Maverick Capital Ltd. bought a new position in Rentokil Initial during the third quarter valued at approximately $14,820,000. Harvey Partners LLC lifted its stake in Rentokil Initial by 48.3% in the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock valued at $35,650,000 after acquiring an additional 465,500 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Rentokil Initial in the fourth quarter worth approximately $11,436,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Up 2.3 %

NYSE:RTO opened at $21.89 on Friday. The company’s 50 day moving average is $24.48 and its 200-day moving average is $25.45. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 12 month low of $20.60 and a 12 month high of $34.07. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 7.95 and a beta of 1.13.

Rentokil Initial Announces Dividend

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

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.