Tower Research Capital LLC TRC Sells 12,892 Shares of Rentokil Initial plc (NYSE:RTO)

Tower Research Capital LLC TRC trimmed its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 73.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,569 shares of the company's stock after selling 12,892 shares during the period. Tower Research Capital LLC TRC's holdings in Rentokil Initial were worth $116,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RTO. River Road Asset Management LLC boosted its position 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 worth $95,862,000 after buying an additional 2,018,866 shares during the period. Rockefeller Capital Management L.P. raised its holdings in 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 purchasing an additional 570,330 shares during the last quarter. Raymond James Financial Inc. bought a new position in Rentokil Initial during the 4th quarter worth approximately $11,436,000. MIG Capital LLC raised its holdings in Rentokil Initial by 29.1% during the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock worth $39,091,000 after purchasing an additional 347,882 shares during the last quarter. Finally, Harber Asset Management LLC acquired a new position in Rentokil Initial during the 4th quarter worth approximately $6,485,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Stock Performance

RTO traded down $0.07 during midday trading on Wednesday, hitting $23.22. 121,632 shares of the company traded hands, compared to its average volume of 779,183. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The firm 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. The company's 50-day moving average is $22.43 and its 200 day moving average is $24.36. Rentokil Initial plc has a 52 week low of $19.60 and a 52 week high of $34.07.

Rentokil Initial Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.3825 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, April 4th. Rentokil Initial's payout ratio is 43.71%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Three 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

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.