Rentokil Initial plc (NYSE:RTO) Shares Sold by Formula Growth Ltd.

Formula Growth Ltd. lowered its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 60.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the company's stock after selling 30,000 shares during the period. Formula Growth Ltd.'s holdings in Rentokil Initial were worth $506,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. lifted its holdings in 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 buying an additional 594 shares in the last quarter. CENTRAL TRUST Co lifted its stake in Rentokil Initial by 15,208.3% during 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. Smartleaf Asset Management LLC lifted its stake in Rentokil Initial by 486.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock worth $49,000 after purchasing an additional 1,611 shares during the last quarter. Cromwell Holdings LLC bought a new stake in Rentokil Initial during the fourth quarter valued at $59,000. Finally, Blue Trust Inc. raised its holdings in shares of Rentokil Initial by 140.4% during the fourth quarter. Blue Trust Inc. now owns 2,402 shares of the company's stock worth $60,000 after purchasing an additional 1,403 shares during the period. 9.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Rentokil Initial Stock Performance

Shares of NYSE RTO traded up $0.10 during mid-day trading on Thursday, hitting $22.69. The company had a trading volume of 211,354 shares, compared to its average volume of 894,017. The stock has a market cap of $11.46 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 7.95 and a beta of 1.07. The firm's 50 day simple moving average is $23.07 and its two-hundred day simple moving average is $24.42. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial plc has a 12 month low of $19.60 and a 12 month high of $34.07.

Rentokil Initial Announces Dividend

The company 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. The ex-dividend date is Friday, April 4th. This represents a dividend yield of 2.4%. Rentokil Initial's dividend payout ratio is currently 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.