Rentokil Initial plc (NYSE:RTO) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 628,327 shares of the company's stock after selling 102,647 shares during the quarter. Envestnet Asset Management Inc. owned about 0.12% of Rentokil Initial worth $15,909,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Cape Investment Advisory Inc. boosted its position in shares of Rentokil Initial by 65.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after purchasing an additional 594 shares in the last quarter. Exencial Wealth Advisors LLC lifted its stake in shares of Rentokil Initial by 2.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock worth $1,102,000 after buying an additional 972 shares during the period. Blue Trust Inc. lifted its position in Rentokil Initial by 140.4% during the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock worth $60,000 after acquiring an additional 1,403 shares during the period. Smartleaf Asset Management LLC grew its stake in Rentokil Initial by 486.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock valued at $49,000 after purchasing an additional 1,611 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Rentokil Initial by 15,208.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock worth $47,000 after purchasing an additional 1,825 shares during the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Rentokil Initial Stock Performance

Shares of RTO stock traded up $1.26 on Friday, hitting $23.10. The company had a trading volume of 3,532,595 shares, compared to its average volume of 748,863. The firm has a market cap of $11.66 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a twelve month low of $19.60 and a twelve month high of $34.07. The company has a 50-day moving average price of $23.29 and a 200-day moving average price of $24.46. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Rentokil Initial Announces Dividend

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

Rentokil Initial 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.