Natixis Advisors LLC Decreases Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Natixis Advisors LLC cut its holdings in Rentokil Initial plc (NYSE:RTO) by 80.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,595 shares of the company’s stock after selling 85,314 shares during the quarter. Natixis Advisors LLC’s holdings in Rentokil Initial were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of RTO. Keystone Financial Services bought a new position in Rentokil Initial in the 4th quarter worth $236,000. Janus Henderson Group PLC raised its stake in Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after buying an additional 617,227 shares in the last quarter. ABS Direct Equity Fund LLC raised its stake in Rentokil Initial by 28.1% in the fourth quarter. ABS Direct Equity Fund LLC now owns 160,000 shares of the company’s stock worth $4,051,000 after buying an additional 35,100 shares in the last quarter. Stephens Inc. AR lifted its holdings in Rentokil Initial by 6.1% in the fourth quarter. Stephens Inc. AR now owns 431,185 shares of the company’s stock worth $10,918,000 after buying an additional 24,699 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Rentokil Initial during the 4th quarter valued at approximately $257,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Ratings Changes

RTO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Citigroup raised Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Stock Performance

Rentokil Initial stock opened at $23.16 on Friday. Rentokil Initial plc has a twelve month low of $20.60 and a twelve month 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 company has a market capitalization of $11.69 billion, a P/E ratio of 15.33, a PEG ratio of 7.95 and a beta of 1.14. The stock’s 50 day moving average is $24.22 and its 200 day moving average is $24.91.

Rentokil Initial Announces Dividend

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

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.