Pacifica Capital Investments LLC Acquires New Stake in Rentokil Initial plc (NYSE:RTO)

Pacifica Capital Investments LLC acquired a new stake in shares of Rentokil Initial plc (NYSE:RTO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 193,305 shares of the company’s stock, valued at approximately $4,894,000. Rentokil Initial accounts for 1.6% of Pacifica Capital Investments LLC’s portfolio, making the stock its 9th biggest holding.

A number of other large investors also recently bought and sold shares of the business. River Road Asset Management LLC lifted its holdings in shares of 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 worth $95,862,000 after buying an additional 2,018,866 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Rentokil Initial by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after buying an additional 617,227 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Rentokil Initial in the 3rd quarter worth $14,820,000. Harvey Partners LLC lifted its holdings in shares of Rentokil Initial by 48.3% in the 3rd quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock worth $35,650,000 after buying an additional 465,500 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Rentokil Initial in the 4th quarter worth $11,436,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Rentokil Initial Trading Down 0.1 %

Shares of NYSE RTO opened at $22.50 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. 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 1-year low of $20.60 and a 1-year high of $34.07. The business has a fifty day moving average price of $24.29 and a 200 day moving average price of $25.06.

Rentokil Initial Dividend Announcement

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

About Rentokil Initial

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.