MIG Capital LLC Purchases 347,882 Shares of Rentokil Initial plc (NYSE:RTO)

MIG Capital LLC increased its holdings in Rentokil Initial plc (NYSE:RTO) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,543,879 shares of the company’s stock after acquiring an additional 347,882 shares during the period. Rentokil Initial comprises approximately 4.0% of MIG Capital LLC’s portfolio, making the stock its 12th biggest holding. MIG Capital LLC’s holdings in Rentokil Initial were worth $39,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. River Road Asset Management LLC grew its stake in Rentokil Initial by 114.2% in the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock valued at $95,862,000 after purchasing an additional 2,018,866 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of Rentokil Initial by 21.6% in the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company’s stock worth $33,232,000 after buying an additional 232,871 shares during the last quarter. Nichols & Pratt Advisers LLP MA increased its holdings in Rentokil Initial by 11.0% during the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 793,679 shares of the company’s stock worth $20,096,000 after buying an additional 78,953 shares during the last quarter. Iridian Asset Management LLC CT boosted its stake in Rentokil Initial by 1.2% in the fourth quarter. Iridian Asset Management LLC CT now owns 728,764 shares of the company’s stock valued at $18,452,000 after acquiring an additional 8,969 shares during the last quarter. Finally, Motley Fool Asset Management LLC grew its position in shares of Rentokil Initial by 6.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 472,812 shares of the company’s stock valued at $11,972,000 after acquiring an additional 27,724 shares during the period. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on RTO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Rentokil Initial presently has an average rating of “Moderate Buy”.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $20.93 on Friday. The firm’s 50 day moving average is $24.07 and its 200 day moving average is $24.72. The stock has a market capitalization of $10.57 billion, a P/E ratio of 13.86, a PEG ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a 12 month low of $20.60 and a 12 month high of $34.07. 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 Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial’s dividend payout ratio is currently 43.71%.

Rentokil Initial 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.