Asset Management One Co. Ltd. Decreases Stake in Rentokil Initial plc (NYSE:RTO)

Asset Management One Co. Ltd. reduced its holdings in Rentokil Initial plc (NYSE:RTO) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,078 shares of the company’s stock after selling 429 shares during the period. Asset Management One Co. Ltd.’s holdings in Rentokil Initial were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Advisory Services LLC lifted its stake in shares of Rentokil Initial by 4.6% in the third quarter. Kestra Advisory Services LLC now owns 8,875 shares of the company’s stock worth $329,000 after buying an additional 392 shares in the last quarter. Gitterman Wealth Management LLC increased its position in Rentokil Initial by 8.0% during the third quarter. Gitterman Wealth Management LLC now owns 5,974 shares of the company’s stock worth $221,000 after purchasing an additional 443 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Rentokil Initial by 12.0% during the second quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock worth $169,000 after purchasing an additional 463 shares during the last quarter. New York State Common Retirement Fund increased its position in Rentokil Initial by 1.8% during the third quarter. New York State Common Retirement Fund now owns 33,189 shares of the company’s stock worth $1,230,000 after purchasing an additional 595 shares during the last quarter. Finally, Mariner LLC increased its position in Rentokil Initial by 4.2% during the third quarter. Mariner LLC now owns 15,979 shares of the company’s stock worth $592,000 after purchasing an additional 650 shares during the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BNP Paribas upgraded shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 18th. Bank of America cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $29.00 in a research report on Wednesday, January 24th.

Rentokil Initial Trading Down 2.0 %

Shares of RTO opened at $28.22 on Friday. Rentokil Initial plc has a 1-year low of $23.39 and a 1-year high of $41.55. The firm has a 50-day simple moving average of $28.77 and a two-hundred day simple moving average of $28.78.

Rentokil Initial Increases Dividend

The business also recently declared 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. The ex-dividend date is Thursday, April 4th. This is a boost from Rentokil Initial’s previous semi-annual dividend of $0.18. This represents a dividend yield of 1.6%.

Rentokil Initial Profile

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.