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

Vestmark Advisory Solutions Inc. lowered its holdings in Rentokil Initial plc (NYSE:RTO) by 29.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. bought a new stake in shares of Rentokil Initial during the 3rd quarter worth $36,000. Crossmark Global Holdings Inc. purchased a new stake in Rentokil Initial during the third quarter worth about $334,000. Oppenheimer & Co. Inc. boosted 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 last quarter. Valley Wealth Managers Inc. purchased a new position in Rentokil Initial in the third quarter valued at about $29,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co grew its position in shares of Rentokil Initial by 3.2% during the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 209,377 shares of the company’s stock valued at $5,220,000 after acquiring an additional 6,401 shares during the period. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Price Performance

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

Rentokil Initial Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be issued a $0.3825 dividend. The ex-dividend date is Friday, April 4th. Rentokil Initial’s dividend payout ratio (DPR) is presently 23.84%.

Wall Street Analysts Forecast Growth

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