Wells Fargo & Company MN Sells 87,438 Shares of Rentokil Initial plc (NYSE:RTO)

Wells Fargo & Company MN decreased its holdings in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 21.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,304 shares of the company's stock after selling 87,438 shares during the quarter. Wells Fargo & Company MN owned 0.07% of Rentokil Initial worth $8,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Rentokil Initial in the 3rd quarter worth approximately $295,000. Synovus Financial Corp raised its holdings in shares of Rentokil Initial by 88.9% during the third quarter. Synovus Financial Corp now owns 190,025 shares of the company's stock worth $4,737,000 after acquiring an additional 89,452 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of Rentokil Initial by 5.1% during the third quarter. Peapack Gladstone Financial Corp now owns 302,919 shares of the company's stock worth $7,552,000 after acquiring an additional 14,745 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Rentokil Initial by 160.4% during the third quarter. JPMorgan Chase & Co. now owns 6,803 shares of the company's stock valued at $170,000 after purchasing an additional 4,190 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in Rentokil Initial in the fourth quarter valued at about $271,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Stock Up 0.5 %

Shares of Rentokil Initial stock traded up $0.11 during midday trading on Wednesday, reaching $22.91. 179,672 shares of the company's stock traded hands, compared to its average volume of 874,416. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 7.95 and a beta of 1.07. Rentokil Initial plc has a 52 week low of $19.60 and a 52 week high of $34.07. The company's 50 day simple moving average is $23.16 and its 200 day simple moving average is $24.44. 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 Dividend Announcement

The business also recently declared 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 dividend yield of 2.4%. Rentokil Initial's dividend payout ratio is currently 43.71%.

Analyst Upgrades and Downgrades

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 given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

About Rentokil Initial

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.