Rock Creek Group LP Boosts Stake in Rentokil Initial plc (NYSE:RTO)

Rock Creek Group LP raised its position in shares of Rentokil Initial plc (NYSE:RTO) by 19.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,633 shares of the company’s stock after buying an additional 13,933 shares during the quarter. Rentokil Initial comprises 0.2% of Rock Creek Group LP’s portfolio, making the stock its 25th biggest holding. Rock Creek Group LP’s holdings in Rentokil Initial were worth $2,168,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. River Road Asset Management LLC increased its position in Rentokil Initial by 114.2% in the fourth 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 during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Rentokil Initial by 3.8% in the 3rd 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. purchased a new stake in shares of Rentokil Initial during the 3rd quarter valued at about $14,820,000. Harvey Partners LLC lifted its holdings in shares of Rentokil Initial by 48.3% in the 3rd 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. purchased a new position in Rentokil Initial in the fourth quarter worth about $11,436,000. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of NYSE:RTO opened at $22.92 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.96 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 company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 7.95 and a beta of 1.14. The firm’s 50-day moving average is $24.20 and its 200 day moving average is $24.81.

Rentokil Initial Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders 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 43.71%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. Citigroup raised Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.