Rentokil Initial PLC $RTO Shares Sold by Sunriver Management LLC

Sunriver Management LLC trimmed its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,985,245 shares of the company’s stock after selling 71,881 shares during the quarter. Rentokil Initial comprises 5.4% of Sunriver Management LLC’s portfolio, making the stock its 4th biggest holding. Sunriver Management LLC owned 0.39% of Rentokil Initial worth $50,127,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pullen Investment Management LLC lifted its position in shares of Rentokil Initial by 0.7% in the third quarter. Pullen Investment Management LLC now owns 48,758 shares of the company’s stock worth $1,231,000 after buying an additional 359 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in Rentokil Initial by 2.0% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 21,228 shares of the company’s stock worth $536,000 after purchasing an additional 414 shares during the last quarter. Capital World Investors lifted its holdings in Rentokil Initial by 0.8% in the 3rd quarter. Capital World Investors now owns 96,098 shares of the company’s stock worth $2,373,000 after purchasing an additional 783 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Rentokil Initial by 2.8% during the second quarter. SkyView Investment Advisors LLC now owns 39,436 shares of the company’s stock worth $960,000 after purchasing an additional 1,067 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Rentokil Initial by 171.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock worth $43,000 after purchasing an additional 1,089 shares during the period. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTO has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Rothschild & Co Redburn upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Oppenheimer upped their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley raised Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Rentokil Initial Price Performance

Shares of Rentokil Initial stock traded up $0.12 during midday trading on Friday, hitting $32.71. The company had a trading volume of 180,212 shares, compared to its average volume of 1,611,052. Rentokil Initial PLC has a 1-year low of $19.60 and a 1-year high of $33.47. The business’s 50 day simple moving average is $31.51 and its two-hundred day simple moving average is $28.53. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.79.

Rentokil Initial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Friday, April 10th will be given a dividend of $0.412 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a dividend yield of 266.0%.

Rentokil Initial Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.