Quadrant Capital Group LLC Sells 2,051 Shares of Rentokil Initial plc (NYSE:RTO)

Quadrant Capital Group LLC trimmed its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 44.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,578 shares of the company’s stock after selling 2,051 shares during the period. Quadrant Capital Group LLC’s holdings in Rentokil Initial were worth $65,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RTO. River Road Asset Management LLC increased its holdings in shares of 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 valued at $95,862,000 after purchasing an additional 2,018,866 shares during the period. Alberta Investment Management Corp grew its position in shares of Rentokil Initial by 21.6% in the fourth quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company’s stock valued at $33,232,000 after purchasing an additional 232,871 shares during the period. Nichols & Pratt Advisers LLP MA boosted its holdings in Rentokil Initial by 11.0% in the 4th 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 increased its position in shares of Rentokil Initial by 1.2% during the fourth quarter. Iridian Asset Management LLC CT now owns 728,764 shares of the company’s stock worth $18,452,000 after purchasing an additional 8,969 shares in the last quarter. Finally, Motley Fool Asset Management LLC grew its holdings in shares of Rentokil Initial by 6.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 472,812 shares of the company’s stock worth $11,972,000 after buying an additional 27,724 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $21.73 on Friday. The firm has a market cap of $10.97 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. The company’s 50 day moving average is $23.59 and its two-hundred day moving average is $24.57. Rentokil Initial plc has a 52-week low of $19.60 and a 52-week high of $34.07. 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 Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RTO shares. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rentokil Initial presently has a consensus rating of “Moderate Buy”.

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.