Klein Pavlis & Peasley Financial Inc. Buys New Stake in Rentokil Initial PLC $RTO

Klein Pavlis & Peasley Financial Inc. purchased a new position in Rentokil Initial PLC (NYSE:RTO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,775 shares of the company’s stock, valued at approximately $1,201,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RTO. GAMMA Investing LLC boosted its holdings in Rentokil Initial by 76.5% during the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after purchasing an additional 534 shares in the last quarter. Smartleaf Asset Management LLC raised 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 worth $43,000 after buying an additional 1,089 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Rentokil Initial by 53.8% during the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock worth $50,000 after buying an additional 690 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Rentokil Initial by 40.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock worth $110,000 after buying an additional 1,309 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Rentokil Initial by 88.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,723 shares of the company’s stock worth $113,000 after buying an additional 2,213 shares during the period. Institutional investors own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Zacks Research cut Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Rothschild & Co Redburn raised Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Wednesday, March 11th. Bank of America upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Thursday, December 18th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $30.57 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.12. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $33.47. The company’s 50-day moving average is $31.59 and its two-hundred day moving average is $29.08.

Rentokil Initial Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Friday, April 10th will be paid a $0.412 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a yield of 266.0%.

About Rentokil Initial

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.