Rentokil Initial plc (NYSE:RTO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 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 grew its stake in Rentokil Initial by 114.2% during 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 acquiring an additional 2,018,866 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Rentokil Initial by 3.8% during the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after purchasing an additional 617,227 shares in the last quarter. Maverick Capital Ltd. bought a new stake in Rentokil Initial during the third quarter worth about $14,820,000. Harvey Partners LLC increased its position in Rentokil Initial by 48.3% in the 3rd quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock valued at $35,650,000 after acquiring an additional 465,500 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Rentokil Initial during the fourth quarter valued at $11,436,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Trading Up 0.8 %

RTO opened at $22.78 on Wednesday. Rentokil Initial plc has a one year low of $20.60 and a one year high of $34.07. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 7.95 and a beta of 1.14. The business has a 50 day simple moving average of $24.25 and a two-hundred day simple moving average of $24.94. 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 Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be issued 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 payout ratio is 43.71%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RTO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.