Motley Fool Wealth Management LLC Makes New Investment in Rentokil Initial plc (NYSE:RTO)

Motley Fool Wealth Management LLC acquired a new stake in shares of Rentokil Initial plc (NYSE:RTO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 437,647 shares of the company's stock, valued at approximately $12,490,000. Motley Fool Wealth Management LLC owned about 0.09% of Rentokil Initial as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Golden State Equity Partners acquired a new stake in Rentokil Initial in the 3rd quarter valued at approximately $202,000. Foresight Global Investors Inc. bought a new stake in shares of Rentokil Initial in the 3rd quarter worth approximately $1,277,000. Brown Advisory Inc. lifted its position in shares of Rentokil Initial by 3.2% in the 3rd quarter. Brown Advisory Inc. now owns 3,802,886 shares of the company's stock worth $140,897,000 after acquiring an additional 116,496 shares during the period. Advisor Partners II LLC bought a new stake in shares of Rentokil Initial in the 3rd quarter worth approximately $240,000. Finally, Park Avenue Securities LLC lifted its position in shares of Rentokil Initial by 5.4% in the 3rd quarter. Park Avenue Securities LLC now owns 15,474 shares of the company's stock worth $573,000 after acquiring an additional 789 shares during the period. Institutional investors and hedge funds own 9.91% of the company's stock.

Rentokil Initial Price Performance

Shares of Rentokil Initial stock traded up $0.16 during midday trading on Friday, hitting $26.23. 533,991 shares of the company were exchanged, compared to its average volume of 752,119. Rentokil Initial plc has a 52 week low of $23.39 and a 52 week high of $41.55. The firm has a 50 day simple moving average of $28.96 and a 200-day simple moving average of $28.06.

Rentokil Initial Increases Dividend

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

Analyst Upgrades and Downgrades

RTO has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Rentokil Initial in a research report on Tuesday, April 23rd. They issued a "neutral" rating for the company. BNP Paribas upgraded Rentokil Initial from a "neutral" rating to an "outperform" rating in a research report on Monday, March 18th. Finally, Bank of America downgraded Rentokil Initial from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $40.00 to $29.00 in a research report on Wednesday, January 24th.

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.