Motley Fool Asset Management LLC Sells 2,160 Shares of Rentokil Initial PLC $RTO

Motley Fool Asset Management LLC decreased its position in Rentokil Initial PLC (NYSE:RTO) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 116,103 shares of the company’s stock after selling 2,160 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Rentokil Initial were worth $2,786,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sunriver Management LLC acquired a new position in Rentokil Initial during the 1st quarter worth about $21,864,000. Alberta Investment Management Corp lifted its position in Rentokil Initial by 36.8% during the 1st quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company’s stock worth $41,103,000 after buying an additional 482,429 shares in the last quarter. Voss Capital LP lifted its position in Rentokil Initial by 12.4% during the 1st quarter. Voss Capital LP now owns 3,471,946 shares of the company’s stock worth $79,508,000 after buying an additional 381,659 shares in the last quarter. Gates Capital Management Inc. lifted its position in Rentokil Initial by 5.7% during the 1st quarter. Gates Capital Management Inc. now owns 6,615,305 shares of the company’s stock worth $151,490,000 after buying an additional 357,292 shares in the last quarter. Finally, Michelson Medical Research Foundation Inc. lifted its position in Rentokil Initial by 177.8% during the 1st quarter. Michelson Medical Research Foundation Inc. now owns 500,000 shares of the company’s stock worth $11,450,000 after buying an additional 320,000 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Rentokil Initial stock opened at $28.47 on Wednesday. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $30.10. The company’s 50-day moving average is $25.75 and its two-hundred day moving average is $24.39.

Rentokil Initial Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, August 15th were given a dividend of $0.2738 per share. The ex-dividend date was Friday, August 15th. This represents a yield of 240.0%.

Analyst Upgrades and Downgrades

RTO has been the topic of several research reports. Berenberg Bank upgraded shares of Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Jefferies Financial Group upgraded shares of Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to an “outperform” rating in a research report on Tuesday, October 7th. Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus 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.