CIBC Private Wealth Group LLC Has $2.86 Million Stock Holdings in Rentokil Initial plc (NYSE:RTO)

CIBC Private Wealth Group LLC raised its holdings in Rentokil Initial plc (NYSE:RTO) by 10.1% in the 4th quarter, HoldingsChannel reports. The fund owned 118,689 shares of the company’s stock after acquiring an additional 10,923 shares during the period. CIBC Private Wealth Group LLC’s holdings in Rentokil Initial were worth $2,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of Rentokil Initial by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after purchasing an additional 402 shares during the last quarter. Cape Investment Advisory Inc. grew its position in shares of Rentokil Initial by 65.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock valued at $38,000 after buying an additional 594 shares during the last quarter. Exencial Wealth Advisors LLC increased its stake in shares of Rentokil Initial by 2.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company’s stock valued at $1,102,000 after buying an additional 972 shares during the period. Blue Trust Inc. raised its position in shares of Rentokil Initial by 140.4% during the fourth quarter. Blue Trust Inc. now owns 2,402 shares of the company’s stock worth $60,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Rentokil Initial by 486.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company’s stock worth $49,000 after acquiring an additional 1,611 shares during the period. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTO has been the subject of a number of recent analyst reports. Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $23.18 on Thursday. 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 plc has a 52 week low of $20.60 and a 52 week high of $34.07. The firm has a 50 day moving average of $24.16 and a 200-day moving average of $24.77. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 7.95 and a beta of 1.14.

Rentokil Initial Announces Dividend

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