Motley Fool Wealth Management LLC Trims Holdings in Rentokil Initial plc (NYSE:RTO)

Motley Fool Wealth Management LLC lessened its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 364,820 shares of the company's stock after selling 109,513 shares during the period. Motley Fool Wealth Management LLC owned 0.07% of Rentokil Initial worth $9,144,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fiduciary Trust Co lifted its stake in Rentokil Initial by 4.7% in the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company's stock valued at $600,000 after buying an additional 1,070 shares in the last quarter. MIG Capital LLC increased its position in Rentokil Initial by 34.3% during the 3rd quarter. MIG Capital LLC now owns 1,195,997 shares of the company's stock worth $29,816,000 after purchasing an additional 305,374 shares in the last quarter. Verition Fund Management LLC acquired a new position in Rentokil Initial in the 3rd quarter valued at about $805,000. Maverick Capital Ltd. purchased a new position in Rentokil Initial in the 3rd quarter valued at about $14,820,000. Finally, HighTower Advisors LLC boosted its stake in shares of Rentokil Initial by 36.8% during the 3rd quarter. HighTower Advisors LLC now owns 88,747 shares of the company's stock worth $2,205,000 after purchasing an additional 23,892 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Trading Down 1.0 %

Rentokil Initial stock traded down $0.24 during trading on Friday, reaching $22.92. The company had a trading volume of 772,779 shares, compared to its average volume of 727,189. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a 12-month low of $20.60 and a 12-month high of $34.07. The stock's 50 day moving average price is $24.20 and its two-hundred day moving average price is $24.81.

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Rentokil Initial Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RTO. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. Citigroup raised Rentokil Initial to a "strong-buy" rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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.