Motley Fool Asset Management LLC Has $2.79 Million Stock Holdings in Rentokil Initial PLC $RTO

Motley Fool Asset Management LLC cut its holdings in Rentokil Initial PLC (NYSE:RTO) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RTO. Sunriver Management LLC acquired a new stake in Rentokil Initial in the first quarter valued at approximately $21,864,000. Alberta Investment Management Corp lifted its stake in Rentokil Initial by 36.8% in the first quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company’s stock valued at $41,103,000 after acquiring an additional 482,429 shares during the last quarter. Voss Capital LP lifted its stake in Rentokil Initial by 12.4% in the first quarter. Voss Capital LP now owns 3,471,946 shares of the company’s stock valued at $79,508,000 after acquiring an additional 381,659 shares during the last quarter. Gates Capital Management Inc. lifted its stake in Rentokil Initial by 5.7% in the first quarter. Gates Capital Management Inc. now owns 6,615,305 shares of the company’s stock valued at $151,490,000 after acquiring an additional 357,292 shares during the last quarter. Finally, Michelson Medical Research Foundation Inc. lifted its stake in Rentokil Initial by 177.8% in the first quarter. Michelson Medical Research Foundation Inc. now owns 500,000 shares of the company’s stock valued at $11,450,000 after acquiring an additional 320,000 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RTO has been the topic of a number of recent analyst reports. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Berenberg Bank raised shares of Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Rentokil Initial Trading Down 2.9%

NYSE:RTO opened at $28.47 on Wednesday. Rentokil Initial PLC has a one year low of $19.60 and a one year high of $30.10. The company has a fifty day moving average price of $25.75 and a 200 day moving average price of $24.39.

Rentokil Initial Cuts Dividend

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

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.