King Luther Capital Management Corp Buys Shares of 8,533 Rentokil Initial plc (NYSE:RTO)

King Luther Capital Management Corp bought a new position in Rentokil Initial plc (NYSE:RTO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,533 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also recently bought and sold shares of RTO. Sunbelt Securities Inc. grew its holdings in Rentokil Initial by 30.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after acquiring an additional 402 shares during the period. Cape Investment Advisory Inc. raised its holdings in shares of Rentokil Initial by 65.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock valued at $38,000 after purchasing an additional 594 shares during the last quarter. Exencial Wealth Advisors LLC increased its holdings in Rentokil Initial by 2.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company’s stock worth $1,102,000 after buying an additional 972 shares during the last quarter. Fiduciary Trust Co raised its holdings in shares of Rentokil Initial by 4.7% in the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company’s stock valued at $600,000 after purchasing an additional 1,070 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in Rentokil Initial during the 3rd quarter valued at $29,000. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Price Performance

Shares of NYSE RTO opened at $21.89 on Friday. 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 has a market cap of $11.05 billion, a P/E ratio of 14.49, a PEG ratio of 7.95 and a beta of 1.13. The company has a 50 day moving average of $24.48 and a 200 day moving average of $25.49. Rentokil Initial plc has a twelve month low of $20.60 and a twelve month high of $34.07.

Rentokil Initial Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given a $0.3825 dividend. This represents a yield of 2.4%. The ex-dividend date is Friday, April 4th. Rentokil Initial’s dividend payout ratio is presently 43.71%.

Analyst Ratings Changes

A number of brokerages have issued reports on RTO. Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. Four analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.