Rentokil Initial plc (NYSE:RTO) Holdings Lifted by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Rentokil Initial plc (NYSE:RTO) by 116.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,400 shares of the company’s stock after buying an additional 34,588 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Rentokil Initial were worth $1,842,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Iridian Asset Management LLC CT boosted its position in shares of Rentokil Initial by 151.0% in the 4th quarter. Iridian Asset Management LLC CT now owns 247,130 shares of the company’s stock valued at $7,070,000 after purchasing an additional 148,656 shares during the period. FMR LLC boosted its position in shares of Rentokil Initial by 6.9% in the 3rd quarter. FMR LLC now owns 923,730 shares of the company’s stock valued at $34,224,000 after purchasing an additional 60,018 shares during the period. Brown Advisory Inc. boosted its position in shares of Rentokil Initial by 3.2% in the 3rd quarter. Brown Advisory Inc. now owns 3,802,886 shares of the company’s stock valued at $140,897,000 after purchasing an additional 116,496 shares during the period. Natixis Advisors L.P. boosted its position in shares of Rentokil Initial by 7.9% in the 3rd quarter. Natixis Advisors L.P. now owns 14,967 shares of the company’s stock valued at $555,000 after purchasing an additional 1,097 shares during the period. Finally, Whittier Trust Co. boosted its position in shares of Rentokil Initial by 17.8% in the 4th quarter. Whittier Trust Co. now owns 7,538 shares of the company’s stock valued at $216,000 after purchasing an additional 1,141 shares during the period. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Down 0.3 %

RTO opened at $26.66 on Thursday. Rentokil Initial plc has a fifty-two week low of $23.39 and a fifty-two week high of $41.55. The business has a 50-day moving average of $28.99 and a 200-day moving average of $28.27.

Rentokil Initial Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 5th will be paid a $0.3784 dividend. This represents a dividend yield of 1.6%. This is an increase from Rentokil Initial’s previous semi-annual dividend of $0.18. The ex-dividend date is Thursday, April 4th.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RTO shares. JPMorgan Chase & Co. started coverage on Rentokil Initial in a research note on Tuesday. They issued a “neutral” rating for the company. Bank of America downgraded Rentokil Initial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $40.00 to $29.00 in a research note on Wednesday, January 24th. Finally, BNP Paribas raised Rentokil Initial from a “neutral” rating to an “outperform” rating in a research note on Monday, March 18th.

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.