Rentokil Initial plc (NYSE:RTO) Shares Sold by Ethic Inc.

Ethic Inc. trimmed its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 55.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,217 shares of the company's stock after selling 15,446 shares during the period. Ethic Inc.'s holdings in Rentokil Initial were worth $309,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. River Road Asset Management LLC raised its holdings in shares of 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 purchasing an additional 2,018,866 shares in the last quarter. Snyder Capital Management L P purchased a new stake in Rentokil Initial during the 4th quarter worth about $24,297,000. Rockefeller Capital Management L.P. boosted its position in shares of Rentokil Initial by 109.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock worth $27,636,000 after acquiring an additional 570,330 shares in the last quarter. Voss Capital LP increased its holdings in shares of Rentokil Initial by 21.2% in the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock valued at $78,246,000 after acquiring an additional 540,287 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Rentokil Initial during the fourth quarter worth approximately $11,436,000. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock traded up $0.03 during trading on Thursday, reaching $23.28. The company's stock had a trading volume of 93,336 shares, compared to its average volume of 778,390. The company has a 50-day moving average price of $22.65 and a two-hundred day moving average price of $24.28. Rentokil Initial plc has a fifty-two week low of $19.60 and a fifty-two week high of $34.07. The firm has a market cap of $11.76 billion, a PE ratio of 15.40, a P/E/G ratio of 7.95 and a beta of 0.96. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Rentokil Initial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on RTO. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Sanford C. Bernstein downgraded Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Rentokil Initial has an average 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.