Rentokil Initial plc (NYSE:RTO) Shares Sold by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. reduced its position in shares of Rentokil Initial plc (NYSE:RTO) by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 154,402 shares of the company’s stock after selling 60,000 shares during the period. Rentokil Initial accounts for about 1.4% of Anthracite Investment Company Inc.’s holdings, making the stock its 15th biggest holding. Anthracite Investment Company Inc.’s holdings in Rentokil Initial were worth $3,909,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of RTO. Keystone Financial Services purchased a new stake in shares of Rentokil Initial during the 4th quarter valued at approximately $236,000. Janus Henderson Group PLC increased its stake in Rentokil Initial by 3.8% during the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after acquiring an additional 617,227 shares during the last quarter. ABS Direct Equity Fund LLC lifted its stake in shares of 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 purchasing an additional 35,100 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Rentokil Initial by 6.1% during the 4th quarter. Stephens Inc. AR now owns 431,185 shares of the company’s stock worth $10,918,000 after purchasing an additional 24,699 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Rentokil Initial during the 4th quarter worth about $257,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RTO shares. Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. Four research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Price Performance

Shares of RTO opened at $22.78 on Wednesday. The company has a market cap of $11.50 billion, a P/E ratio of 15.09, a PEG ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a fifty-two week low of $20.60 and a fifty-two week high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average price is $24.25 and its 200 day moving average price is $24.94.

Rentokil Initial Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be given a dividend of $0.3825 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, April 4th. Rentokil Initial’s dividend payout ratio is currently 43.71%.

Rentokil Initial Company 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.