Vestmark Advisory Solutions Inc. Boosts Holdings in Rentokil Initial plc (NYSE:RTO)

Vestmark Advisory Solutions Inc. boosted its stake in Rentokil Initial plc (NYSE:RTO) by 18.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,270 shares of the company’s stock after buying an additional 2,027 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Rentokil Initial were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of RTO. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Rentokil Initial in the 4th quarter valued at about $34,000. Quantbot Technologies LP acquired a new position in Rentokil Initial during the third quarter worth approximately $48,000. Fiera Capital Corp purchased a new stake in Rentokil Initial in the third quarter valued at approximately $211,000. Gitterman Wealth Management LLC boosted its holdings in shares of Rentokil Initial by 8.0% in the third quarter. Gitterman Wealth Management LLC now owns 5,974 shares of the company’s stock valued at $221,000 after acquiring an additional 443 shares during the period. Finally, Whittier Trust Co. grew its position in shares of Rentokil Initial by 1,006.7% during the third quarter. Whittier Trust Co. now owns 6,397 shares of the company’s stock worth $237,000 after acquiring an additional 5,819 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Trading Up 0.4 %

Shares of Rentokil Initial stock opened at $26.03 on Tuesday. Rentokil Initial plc has a 52-week low of $23.39 and a 52-week high of $41.55. The company’s 50-day simple moving average is $28.75 and its 200-day simple moving average is $27.65.

Rentokil Initial Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on RTO. JPMorgan Chase & Co. started coverage on shares of Rentokil Initial in a research report on Tuesday, April 23rd. They issued a “neutral” rating for the company. BNP Paribas upgraded shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a research note on Monday, March 18th. Finally, Bank of America lowered Rentokil Initial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $40.00 to $29.00 in a report on Wednesday, January 24th.

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.