Envestnet Asset Management Inc. Has $23.70 Million Stock Position in Rentokil Initial plc (NYSE:RTO)

Envestnet Asset Management Inc. grew its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 14.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 799,364 shares of the company’s stock after purchasing an additional 101,090 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Rentokil Initial worth $23,701,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RTO. Whittier Trust Co. of Nevada Inc. grew its position in shares of Rentokil Initial by 81.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after purchasing an additional 434 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Rentokil Initial during the 2nd quarter worth approximately $29,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Rentokil Initial during the 2nd quarter worth approximately $38,000. Principal Securities Inc. acquired a new position in shares of Rentokil Initial during the 4th quarter worth approximately $47,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Rentokil Initial during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on RTO shares. Barclays upgraded shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. UBS Group raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.00.

Rentokil Initial Stock Down 1.1 %

Shares of Rentokil Initial stock opened at $24.50 on Monday. The company has a 50 day moving average of $30.09 and a 200-day moving average of $29.12. Rentokil Initial plc has a 1-year low of $23.39 and a 1-year high of $37.44.

Rentokil Initial Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 17th. Investors of record on Friday, August 9th were paid a $0.2034 dividend. This represents a yield of 1.7%. The ex-dividend date was Friday, August 9th.

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.