PNC Financial Services Group Inc. Has $84,000 Stock Position in Rentokil Initial plc (NYSE:RTO)

PNC Financial Services Group Inc. reduced its position in shares of Rentokil Initial plc (NYSE:RTO) by 15.5% in the 4th quarter, HoldingsChannel reports. The firm owned 3,321 shares of the company’s stock after selling 611 shares during the period. PNC Financial Services Group Inc.’s holdings in Rentokil Initial were worth $84,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in Rentokil Initial by 3.8% during the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after acquiring an additional 617,227 shares during the last quarter. Maverick Capital Ltd. bought a new position in Rentokil Initial in the 3rd quarter valued at $14,820,000. Harvey Partners LLC boosted its stake in Rentokil Initial by 48.3% in the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock worth $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Rentokil Initial during the fourth quarter worth $11,436,000. Finally, MIG Capital LLC grew its holdings in shares of Rentokil Initial by 34.3% during the third quarter. MIG Capital LLC now owns 1,195,997 shares of the company’s stock worth $29,816,000 after purchasing an additional 305,374 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Rentokil Initial Price Performance

Shares of RTO stock opened at $22.78 on Wednesday. The firm has a market cap of $11.50 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a 12 month low of $20.60 and a 12 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 stock has a 50-day moving average price of $24.25 and a 200 day moving average price of $24.94.

Rentokil Initial Dividend Announcement

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

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.