Marshall Wace LLP Buys 254,028 Shares of Rentokil Initial plc (NYSE:RTO)

Marshall Wace LLP increased its position in Rentokil Initial plc (NYSE:RTO) by 136.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 440,438 shares of the company’s stock after buying an additional 254,028 shares during the period. Marshall Wace LLP’s holdings in Rentokil Initial were worth $11,152,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Rentokil Initial during the third quarter valued at $295,000. Synovus Financial Corp lifted its position in Rentokil Initial by 88.9% in the third quarter. Synovus Financial Corp now owns 190,025 shares of the company’s stock worth $4,737,000 after buying an additional 89,452 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in Rentokil Initial by 5.1% during the third quarter. Peapack Gladstone Financial Corp now owns 302,919 shares of the company’s stock worth $7,552,000 after buying an additional 14,745 shares during the period. JPMorgan Chase & Co. increased its position in Rentokil Initial by 160.4% during the third quarter. JPMorgan Chase & Co. now owns 6,803 shares of the company’s stock valued at $170,000 after acquiring an additional 4,190 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Rentokil Initial in the fourth quarter valued at $271,000. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Stock Down 0.5 %

NYSE:RTO opened at $22.96 on Tuesday. The stock has a fifty day simple moving average of $23.23 and a 200-day simple moving average of $24.45. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The company has a market cap of $11.59 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a twelve month low of $19.60 and a twelve month high of $34.07.

Rentokil Initial Dividend Announcement

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be given 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%.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company 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.