Foresight Global Investors Inc. Has $1.27 Million Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Foresight Global Investors Inc. grew its position in Rentokil Initial plc (NYSE:RTO) by 29.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 44,521 shares of the company’s stock after acquiring an additional 10,046 shares during the period. Rentokil Initial comprises approximately 0.7% of Foresight Global Investors Inc.’s portfolio, making the stock its 23rd largest position. Foresight Global Investors Inc.’s holdings in Rentokil Initial were worth $1,274,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Iridian Asset Management LLC CT increased its holdings in shares of Rentokil Initial by 151.0% in the fourth quarter. Iridian Asset Management LLC CT now owns 247,130 shares of the company’s stock worth $7,070,000 after acquiring an additional 148,656 shares in the last quarter. Motley Fool Wealth Management LLC acquired a new position in shares of Rentokil Initial in the fourth quarter valued at approximately $12,490,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Rentokil Initial by 116.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,400 shares of the company’s stock worth $1,842,000 after acquiring an additional 34,588 shares in the last quarter. FMR LLC raised its position in Rentokil Initial by 6.9% in the 3rd quarter. FMR LLC now owns 923,730 shares of the company’s stock valued at $34,224,000 after buying an additional 60,018 shares during the last quarter. Finally, Golden State Equity Partners lifted its position in shares of Rentokil Initial by 76.2% in the fourth quarter. Golden State Equity Partners now owns 9,608 shares of the company’s stock worth $275,000 after purchasing an additional 4,154 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Price Performance

RTO stock traded up $0.43 during mid-day trading on Thursday, hitting $26.86. The stock had a trading volume of 352,551 shares, compared to its average volume of 711,399. The firm has a fifty day simple moving average of $28.70 and a 200 day simple moving average of $27.63. Rentokil Initial plc has a 52 week low of $23.39 and a 52 week high of $41.55.

Rentokil Initial Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTO. BNP Paribas raised Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. started coverage on Rentokil Initial in a research report on Tuesday, April 23rd. They set a “neutral” rating on the stock. Finally, Bank of America cut Rentokil Initial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $40.00 to $29.00 in a research report on Wednesday, January 24th.

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.