Rentokil Initial plc (NYSE:RTO) Stock Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of Rentokil Initial plc (NYSE:RTO) by 37.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 383,557 shares of the company’s stock after selling 227,314 shares during the period. Bank of New York Mellon Corp owned 0.08% of Rentokil Initial worth $9,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in shares of Rentokil Initial by 30.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock valued at $43,000 after acquiring an additional 402 shares in the last quarter. Fiduciary Trust Co raised its stake in shares of Rentokil Initial by 4.7% in the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company’s stock valued at $600,000 after acquiring an additional 1,070 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Rentokil Initial in the 3rd quarter valued at approximately $29,000. Blue Trust Inc. raised its stake in shares of Rentokil Initial by 140.4% in the 4th quarter. Blue Trust Inc. now owns 2,402 shares of the company’s stock valued at $60,000 after acquiring an additional 1,403 shares in the last quarter. Finally, Assetmark Inc. bought a new position in shares of Rentokil Initial in the 3rd quarter valued at approximately $36,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. Citigroup raised Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Rentokil Initial has an average rating of “Moderate Buy”.

Rentokil Initial Price Performance

Shares of NYSE:RTO opened at $21.89 on Friday. Rentokil Initial plc has a 1-year low of $20.60 and a 1-year high of $34.07. The firm has a market capitalization of $11.05 billion, a PE ratio of 14.49, a PEG ratio of 7.95 and a beta of 1.13. The business’s 50 day moving average is $24.48 and its 200-day moving average is $25.49. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Rentokil Initial Announces Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.3825 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, April 4th. Rentokil Initial’s payout ratio is presently 43.71%.

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.