Annandale Capital LLC Invests $537,000 in Rentokil Initial plc (NYSE:RTO)

Annandale Capital LLC purchased a new position in shares of Rentokil Initial plc (NYSE:RTO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,100 shares of the company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RTO. Wells Fargo & Company MN boosted its position in shares of Rentokil Initial by 6.4% in the 4th quarter. Wells Fargo & Company MN now owns 312,828 shares of the company’s stock valued at $8,950,000 after purchasing an additional 18,886 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Rentokil Initial during the fourth quarter worth $229,000. Alberta Investment Management Corp purchased a new position in Rentokil Initial in the 4th quarter valued at $3,613,000. Peapack Gladstone Financial Corp increased its stake in Rentokil Initial by 15.1% in the 4th quarter. Peapack Gladstone Financial Corp now owns 313,468 shares of the company’s stock valued at $8,968,000 after buying an additional 41,241 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in Rentokil Initial by 162.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 45,451 shares of the company’s stock worth $1,300,000 after buying an additional 28,152 shares during the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Price Performance

Shares of NYSE RTO opened at $25.62 on Friday. The company’s 50-day moving average price is $29.61 and its 200 day moving average price is $28.92. Rentokil Initial plc has a 52 week low of $23.39 and a 52 week high of $37.44.

Rentokil Initial Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 17th. Investors of record on Friday, August 9th were paid a $0.2034 dividend. This represents a yield of 1.7%. The ex-dividend date was Friday, August 9th.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. UBS Group upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Monday, July 1st. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.