Vestmark Advisory Solutions Inc. Sells 5,030 Shares of Rentokil Initial plc (NYSE:RTO)

Vestmark Advisory Solutions Inc. trimmed its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 29.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,957 shares of the company’s stock after selling 5,030 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Rentokil Initial were worth $303,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Keystone Financial Services bought a new stake in Rentokil Initial in the 4th quarter valued at about $236,000. Anthracite Investment Company Inc. boosted its holdings in Rentokil Initial by 211.3% in the third quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock worth $5,345,000 after acquiring an additional 145,528 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Rentokil Initial by 165.8% in the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock valued at $1,386,000 after acquiring an additional 34,687 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Rentokil Initial by 3.8% during the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after acquiring an additional 617,227 shares in the last quarter. Finally, ABS Direct Equity Fund LLC raised its position in shares of Rentokil Initial by 28.1% during the fourth quarter. ABS Direct Equity Fund LLC now owns 160,000 shares of the company’s stock worth $4,051,000 after purchasing an additional 35,100 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of RTO opened at $23.00 on Monday. The firm has a market capitalization of $11.61 billion, a P/E ratio of 15.23, a P/E/G ratio of 7.95 and a beta of 1.14. Rentokil Initial plc has a 52 week low of $22.17 and a 52 week high of $34.07. The stock has a 50 day moving average price of $24.86 and a two-hundred day moving average price of $25.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Rentokil Initial Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given a $0.3825 dividend. The ex-dividend date is Friday, April 4th. Rentokil Initial’s payout ratio is currently 23.84%.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Rentokil Initial 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.