Whittier Trust Co. Has $306,000 Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Whittier Trust Co. raised its stake in Rentokil Initial plc (NYSE:RTO) by 431.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,076 shares of the company’s stock after buying an additional 9,802 shares during the quarter. Whittier Trust Co.’s holdings in Rentokil Initial were worth $306,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keystone Financial Services acquired a new position in Rentokil Initial in the 4th quarter valued at $236,000. Janus Henderson Group PLC raised its holdings in Rentokil Initial by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after acquiring an additional 617,227 shares in the last quarter. ABS Direct Equity Fund LLC raised its holdings in Rentokil Initial by 28.1% in the 4th quarter. ABS Direct Equity Fund LLC now owns 160,000 shares of the company’s stock valued at $4,051,000 after acquiring an additional 35,100 shares in the last quarter. Stephens Inc. AR raised its holdings in Rentokil Initial by 6.1% in the 4th quarter. Stephens Inc. AR now owns 431,185 shares of the company’s stock valued at $10,918,000 after acquiring an additional 24,699 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Rentokil Initial in the 4th quarter valued at $257,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Citigroup raised Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $22.50 on Monday. The stock has a market capitalization of $11.36 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a 52 week low of $20.60 and a 52 week high of $34.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The stock has a fifty day moving average of $24.29 and a 200-day moving average of $25.06.

Rentokil Initial Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Investors 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 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.