Orion Portfolio Solutions LLC Cuts Stock Position in Rentokil Initial plc (NYSE:RTO)

Orion Portfolio Solutions LLC trimmed its position in Rentokil Initial plc (NYSE:RTO) by 31.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,602 shares of the company’s stock after selling 18,246 shares during the period. Orion Portfolio Solutions LLC’s holdings in Rentokil Initial were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. boosted its position 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 worth $43,000 after purchasing an additional 402 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in Rentokil Initial by 65.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock valued at $38,000 after buying an additional 594 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in Rentokil Initial by 2.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company’s stock worth $1,102,000 after acquiring an additional 972 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Rentokil Initial by 140.4% during the fourth quarter. Blue Trust Inc. now owns 2,402 shares of the company’s stock worth $60,000 after acquiring an additional 1,403 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Rentokil Initial by 486.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company’s stock worth $49,000 after acquiring an additional 1,611 shares during the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on RTO. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Rentokil Initial Price Performance

Shares of NYSE RTO opened at $20.93 on Friday. Rentokil Initial plc has a 52 week low of $20.60 and a 52 week high of $34.07. The business’s 50 day moving average price is $24.07 and its 200 day moving average price is $24.72. 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 firm has a market cap of $10.57 billion, a P/E ratio of 13.86, a P/E/G ratio of 7.95 and a beta of 1.07.

Rentokil Initial Dividend Announcement

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

Rentokil Initial Company 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.