Motley Fool Wealth Management LLC Decreases Holdings in Rentokil Initial plc (NYSE:RTO)

Motley Fool Wealth Management LLC lessened its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 364,820 shares of the company’s stock after selling 109,513 shares during the period. Motley Fool Wealth Management LLC’s holdings in Rentokil Initial were worth $9,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the business. Cape Investment Advisory Inc. boosted its stake in Rentokil Initial by 65.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock worth $38,000 after buying an additional 594 shares during the period. Sunbelt Securities Inc. increased its position in Rentokil Initial by 30.1% during the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after buying an additional 402 shares in the last quarter. CENTRAL TRUST Co raised its stake in Rentokil Initial by 15,208.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company’s stock worth $47,000 after purchasing an additional 1,825 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Rentokil Initial by 486.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company’s stock worth $49,000 after purchasing an additional 1,611 shares in the last quarter. Finally, Cromwell Holdings LLC bought a new stake in shares of Rentokil Initial in the 4th quarter valued at approximately $59,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RTO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Citigroup raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Rentokil Initial Stock Up 0.8 %

Shares of NYSE RTO opened at $22.78 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The company has a 50-day moving average price of $24.25 and a 200-day moving average price of $24.94. Rentokil Initial plc has a 1 year low of $20.60 and a 1 year high of $34.07. The stock has a market capitalization of $11.50 billion, a P/E ratio of 15.09, a P/E/G ratio of 7.95 and a beta of 1.14.

Rentokil Initial Announces Dividend

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

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.