Anthracite Investment Company Inc. Decreases Stake in Rentokil Initial plc (NYSE:RTO)

Anthracite Investment Company Inc. cut its position in Rentokil Initial plc (NYSE:RTO) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,402 shares of the company’s stock after selling 60,000 shares during the period. Rentokil Initial accounts for 1.4% of Anthracite Investment Company Inc.’s investment portfolio, making the stock its 15th largest holding. Anthracite Investment Company Inc.’s holdings in Rentokil Initial were worth $3,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. River Road Asset Management LLC increased its holdings in Rentokil Initial by 114.2% in the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock valued at $95,862,000 after buying an additional 2,018,866 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Rentokil Initial by 3.8% during the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after purchasing an additional 617,227 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Rentokil Initial in the third quarter valued at approximately $14,820,000. Harvey Partners LLC boosted its holdings in Rentokil Initial by 48.3% in the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock valued at $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Rentokil Initial in the fourth quarter valued at approximately $11,436,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Trading Up 0.8 %

Shares of RTO stock opened at $22.78 on Wednesday. Rentokil Initial plc has a 1-year low of $20.60 and a 1-year high of $34.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The business’s fifty day moving average price is $24.25 and its 200 day moving average price is $24.94. The firm has a market capitalization of $11.50 billion, a PE ratio of 15.09, a P/E/G ratio of 7.95 and a beta of 1.14.

Rentokil Initial Announces Dividend

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

Analyst Ratings Changes

RTO has been the subject of several research analyst reports. Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rentokil Initial has an average 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.