Patriot Financial Group Insurance Agency LLC Invests $382,000 in Rentokil Initial plc (NYSE:RTO)

Patriot Financial Group Insurance Agency LLC acquired a new stake in Rentokil Initial plc (NYSE:RTO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,881 shares of the company’s stock, valued at approximately $382,000.

Several other hedge funds also recently modified their holdings of RTO. Legacy Capital Wealth Partners LLC increased its stake in shares of Rentokil Initial by 28.1% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 12,932 shares of the company’s stock valued at $370,000 after acquiring an additional 2,835 shares in the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Rentokil Initial in the 4th quarter valued at $34,000. M&T Bank Corp bought a new stake in shares of Rentokil Initial in the 4th quarter valued at $225,000. Vestmark Advisory Solutions Inc. increased its stake in shares of Rentokil Initial by 18.0% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 13,270 shares of the company’s stock valued at $380,000 after acquiring an additional 2,027 shares in the last quarter. Finally, Foresight Global Investors Inc. increased its stake in shares of Rentokil Initial by 29.1% in the 4th quarter. Foresight Global Investors Inc. now owns 44,521 shares of the company’s stock valued at $1,274,000 after acquiring an additional 10,046 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Down 1.9 %

RTO stock traded down $0.62 during trading on Tuesday, reaching $32.34. The stock had a trading volume of 527,385 shares, compared to its average volume of 629,767. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 2.92 and a beta of 1.09. Rentokil Initial plc has a one year low of $23.39 and a one year high of $38.43. The company’s 50 day moving average is $30.51 and its two-hundred day moving average is $28.91.

Rentokil Initial Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 17th. Investors of record on Friday, August 9th will be given a dividend of $0.2034 per share. This represents a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 9th. Rentokil Initial’s payout ratio is 21.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Barclays raised Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Finally, UBS Group upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.00.

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.