Harbour Investments Inc. boosted its holdings in shares of Rentokil Initial PLC (NYSE:RTO – Free Report) by 13,308.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 70,259 shares of the company’s stock after acquiring an additional 69,735 shares during the period. Harbour Investments Inc.’s holdings in Rentokil Initial were worth $2,070,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of RTO. GAMMA Investing LLC grew its holdings in Rentokil Initial by 76.5% during the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after acquiring an additional 534 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Rentokil Initial by 171.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after buying an additional 1,089 shares during the period. IFP Advisors Inc grew its holdings in shares of Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after buying an additional 690 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Rentokil Initial by 296.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock valued at $58,000 after buying an additional 1,461 shares during the period. Finally, Tucker Asset Management LLC acquired a new position in shares of Rentokil Initial in the 4th quarter valued at $84,000. Institutional investors and hedge funds own 9.91% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on RTO shares. Wall Street Zen lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Deutsche Bank Aktiengesellschaft lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Oppenheimer boosted their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, March 10th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Thursday, March 12th. Finally, Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.50.
Rentokil Initial Stock Down 2.4%
RTO opened at $30.52 on Friday. Rentokil Initial PLC has a 12 month low of $22.72 and a 12 month high of $34.67. The firm’s fifty day simple moving average is $32.57 and its 200 day simple moving average is $30.99. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76.
Rentokil Initial Announces Dividend
The business also recently disclosed a dividend, which was paid on Tuesday, May 19th. Investors of record on Friday, April 10th were given a $0.412 dividend. This represents a yield of 245.0%. The ex-dividend date of this dividend was Friday, April 10th.
Rentokil Initial Profile
Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.
Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.
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