Orion Portfolio Solutions LLC Sells 18,246 Shares of Rentokil Initial plc (NYSE:RTO)

Orion Portfolio Solutions LLC trimmed its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,602 shares of the company's stock after selling 18,246 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Rentokil Initial were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of RTO. River Road Asset Management LLC increased its holdings in Rentokil Initial by 114.2% in the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock valued at $95,862,000 after buying an additional 2,018,866 shares during the period. Raymond James Financial Inc. bought a new stake in Rentokil Initial in the 4th quarter valued at $11,436,000. Alberta Investment Management Corp grew its holdings in shares of Rentokil Initial by 21.6% in the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock worth $33,232,000 after purchasing an additional 232,871 shares during the last quarter. Pacifica Capital Investments LLC bought a new stake in shares of Rentokil Initial in the 4th quarter worth about $4,894,000. Finally, Synovus Financial Corp grew its holdings in shares of Rentokil Initial by 88.9% in the 3rd quarter. Synovus Financial Corp now owns 190,025 shares of the company's stock worth $4,737,000 after purchasing an additional 89,452 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RTO. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Citigroup raised shares of Rentokil Initial to a "strong-buy" rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Rentokil Initial Trading Down 1.1 %

Rentokil Initial stock traded down $0.23 during trading hours on Thursday, reaching $21.57. 199,793 shares of the company's stock traded hands, compared to its average volume of 739,755. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 7.95 and a beta of 1.07. The firm's 50 day moving average is $23.65 and its 200-day moving average is $24.59. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a fifty-two week low of $19.60 and a fifty-two week high of $34.07.

Rentokil Initial Dividend Announcement

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