Rentokil Initial plc (NYSE:RTO) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,189,743 shares of the company's stock after selling 15,127 shares during the period. Bank of America Corp DE owned 0.24% of Rentokil Initial worth $30,124,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. River Road Asset Management LLC increased its position in Rentokil Initial by 114.2% during the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after buying an additional 2,018,866 shares in the last quarter. Voss Capital LP boosted its stake in shares of Rentokil Initial by 21.2% during the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock worth $78,246,000 after purchasing an additional 540,287 shares during the last quarter. MIG Capital LLC grew its holdings in shares of Rentokil Initial by 29.1% during the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock worth $39,091,000 after buying an additional 347,882 shares in the last quarter. Alberta Investment Management Corp raised its position in shares of Rentokil Initial by 21.6% in the fourth quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company's stock valued at $33,232,000 after buying an additional 232,871 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of Rentokil Initial by 109.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock valued at $27,636,000 after buying an additional 570,330 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a report on Friday, March 7th. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Rentokil Initial Trading Down 0.2%

Rentokil Initial stock traded down $0.04 during midday trading on Thursday, reaching $23.21. The stock had a trading volume of 73,434 shares, compared to its average volume of 778,317. The stock's 50-day simple moving average is $22.65 and its 200 day simple moving average is $24.28. Rentokil Initial plc has a twelve month low of $19.60 and a twelve month high of $34.07. 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 stock has a market capitalization of $11.72 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 7.95 and a beta of 0.96.

Rentokil Initial Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 4th were paid a $0.3825 dividend. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, April 4th. Rentokil Initial's dividend payout ratio is currently 45.03%.

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.