Manning & Napier Group LLC Decreases Position in Rentokil Initial plc (NYSE:RTO)

Manning & Napier Group LLC cut its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 80.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 309,318 shares of the company's stock after selling 1,294,136 shares during the quarter. Manning & Napier Group LLC owned 0.06% of Rentokil Initial worth $8,850,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kestra Advisory Services LLC raised its holdings in Rentokil Initial by 4.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 8,875 shares of the company's stock valued at $329,000 after buying an additional 392 shares during the last quarter. Gitterman Wealth Management LLC increased its holdings in Rentokil Initial by 8.0% in the third quarter. Gitterman Wealth Management LLC now owns 5,974 shares of the company's stock valued at $221,000 after purchasing an additional 443 shares during the period. PNC Financial Services Group Inc. increased its holdings in Rentokil Initial by 12.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company's stock valued at $169,000 after purchasing an additional 463 shares during the period. New York State Common Retirement Fund raised its position in Rentokil Initial by 1.8% during the 3rd quarter. New York State Common Retirement Fund now owns 33,189 shares of the company's stock worth $1,230,000 after purchasing an additional 595 shares during the last quarter. Finally, Mariner LLC lifted its holdings in Rentokil Initial by 4.2% during the 3rd quarter. Mariner LLC now owns 15,979 shares of the company's stock worth $592,000 after buying an additional 650 shares during the period. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Trading Down 0.6 %

RTO traded down $0.18 during trading on Friday, hitting $30.15. The company's stock had a trading volume of 207,401 shares, compared to its average volume of 857,934. Rentokil Initial plc has a twelve month low of $23.39 and a twelve month high of $41.55. The stock's fifty day moving average price is $28.11 and its 200-day moving average price is $29.29. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.13 and a quick ratio of 1.03.

Rentokil Initial Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 5th will be given a dividend of $0.3784 per share. This represents a dividend yield of 1.6%. The ex-dividend date is Thursday, April 4th. This is an increase from Rentokil Initial's previous semi-annual dividend of $0.18.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RTO. Bank of America downgraded Rentokil Initial from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 24th. BNP Paribas raised shares of Rentokil Initial from a "neutral" rating to an "outperform" rating in a research report on Monday, March 18th.

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.