Citigroup Inc. Purchases Shares of 132,763 Rentokil Initial plc (NYSE:RTO)

Citigroup Inc. acquired a new stake in shares of Rentokil Initial plc (NYSE:RTO – Get Rating) during the fourth quarter, HoldingsChannel reports. The fund acquired 132,763 shares of the company’s stock, valued at approximately $4,090,000.

A number of other large investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC bought a new position in shares of Rentokil Initial during the 4th quarter valued at approximately $26,000. Lindbrook Capital LLC purchased a new stake in shares of Rentokil Initial during the 4th quarter worth $34,000. Ellevest Inc. purchased a new stake in Rentokil Initial in the fourth quarter valued at about $36,000. Romano Brothers AND Company acquired a new position in shares of Rentokil Initial in the fourth quarter valued at about $38,000. Finally, Clayton Dubilier & Rice LLC acquired a new position in shares of Rentokil Initial in the fourth quarter valued at about $45,000. 0.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTO has been the topic of several analyst reports. Barclays initiated coverage on Rentokil Initial in a report on Tuesday, March 7th. They set an “overweight” rating on the stock. BNP Paribas raised Rentokil Initial from an “underperform” rating to a “neutral” rating in a report on Wednesday, March 22nd.

Rentokil Initial Stock Performance

NYSE RTO opened at $39.96 on Monday. The stock’s 50 day simple moving average is $37.11 and its 200-day simple moving average is $33.34. Rentokil Initial plc has a 1-year low of $24.85 and a 1-year high of $40.70.

Rentokil Initial Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Tuesday, April 11th will be given a $0.3169 dividend. The ex-dividend date of this dividend is Monday, April 10th. This represents a yield of 0.8%.

Rentokil Initial Profile

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Rentokil Initial Plc engages in the provision of business support services. The firm’s products and services protect people from pest-borne disease and the risks of poor hygiene. It operates through the following geographical segments: North America, Europe, UK and Sub-Saharan Africa, Asia and MENAT, and Pacific.