Rentokil Initial plc (NYSE:RTO) Shares Purchased by Golden State Equity Partners

Golden State Equity Partners boosted its holdings in Rentokil Initial plc (NYSE:RTO) by 76.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,608 shares of the company’s stock after buying an additional 4,154 shares during the period. Golden State Equity Partners’ holdings in Rentokil Initial were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT boosted its stake in Rentokil Initial by 151.0% in the 4th quarter. Iridian Asset Management LLC CT now owns 247,130 shares of the company’s stock worth $7,070,000 after buying an additional 148,656 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Rentokil Initial by 116.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,400 shares of the company’s stock worth $1,842,000 after buying an additional 34,588 shares during the last quarter. FMR LLC raised its holdings in shares of Rentokil Initial by 6.9% in the 3rd quarter. FMR LLC now owns 923,730 shares of the company’s stock worth $34,224,000 after purchasing an additional 60,018 shares during the period. Brown Advisory Inc. raised its holdings in shares of Rentokil Initial by 3.2% in the 3rd quarter. Brown Advisory Inc. now owns 3,802,886 shares of the company’s stock worth $140,897,000 after purchasing an additional 116,496 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in shares of Rentokil Initial by 7.9% in the 3rd quarter. Natixis Advisors L.P. now owns 14,967 shares of the company’s stock worth $555,000 after purchasing an additional 1,097 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RTO. JPMorgan Chase & Co. began coverage on Rentokil Initial in a report on Tuesday, April 23rd. They issued a “neutral” rating on the stock. BNP Paribas upgraded Rentokil Initial from a “neutral” rating to an “outperform” rating in a report on Monday, March 18th. Finally, Bank of America downgraded Rentokil Initial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $40.00 to $29.00 in a report on Wednesday, January 24th.

Rentokil Initial Trading Up 0.6 %

Shares of NYSE:RTO opened at $26.23 on Friday. Rentokil Initial plc has a one year low of $23.39 and a one year high of $41.55. The business’s 50-day simple moving average is $28.96 and its 200 day simple moving average is $28.12.

Rentokil Initial Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 5th will be issued a dividend of $0.3784 per share. This is an increase from Rentokil Initial’s previous semi-annual dividend of $0.18. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, April 4th.

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.