Rentokil Initial plc (NYSE:RTO) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group raised its position in Rentokil Initial plc (NYSE:RTOFree Report) by 13.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,025,479 shares of the company’s stock after acquiring an additional 246,253 shares during the period. Schroder Investment Management Group’s holdings in Rentokil Initial were worth $57,949,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new position in Rentokil Initial in the 4th quarter valued at about $34,000. Quantbot Technologies LP purchased a new position in Rentokil Initial in the 3rd quarter valued at approximately $48,000. Principal Securities Inc. purchased a new position in Rentokil Initial in the 4th quarter valued at approximately $47,000. Fiera Capital Corp purchased a new stake in shares of Rentokil Initial during the third quarter worth $211,000. Finally, Whittier Trust Co. raised its stake in shares of Rentokil Initial by 17.8% in the fourth quarter. Whittier Trust Co. now owns 7,538 shares of the company’s stock valued at $216,000 after acquiring an additional 1,141 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RTO. BNP Paribas upgraded shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a report on Monday, March 18th. JPMorgan Chase & Co. started coverage on Rentokil Initial in a report on Tuesday, April 23rd. They issued a “neutral” rating for the company.

Get Our Latest Stock Report on Rentokil Initial

Rentokil Initial Trading Down 3.7 %

RTO traded down $1.05 during trading on Friday, hitting $27.08. 684,171 shares of the stock were exchanged, compared to its average volume of 441,413. Rentokil Initial plc has a 1-year low of $23.39 and a 1-year high of $41.55. The stock has a fifty day moving average price of $27.29 and a two-hundred day moving average price of $27.59.

Rentokil Initial Increases Dividend

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

About Rentokil Initial

(Free Report)

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.

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Institutional Ownership by Quarter for Rentokil Initial (NYSE:RTO)

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