Motley Fool Wealth Management LLC Sells 53,831 Shares of Rentokil Initial PLC $RTO

Motley Fool Wealth Management LLC reduced its stake in Rentokil Initial PLC (NYSE:RTO) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,277 shares of the company’s stock after selling 53,831 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Rentokil Initial were worth $7,855,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Rentokil Initial by 416.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 913 shares in the last quarter. IFP Advisors Inc lifted its position in Rentokil Initial by 115.5% in the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $31,000 after acquiring an additional 687 shares in the last quarter. Brooklyn Investment Group lifted its position in Rentokil Initial by 668.3% in the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock valued at $37,000 after acquiring an additional 1,390 shares in the last quarter. State of Wyoming bought a new stake in Rentokil Initial in the 1st quarter valued at $46,000. Finally, Cape Investment Advisory Inc. lifted its position in Rentokil Initial by 67.4% in the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock valued at $58,000 after acquiring an additional 1,014 shares in the last quarter. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Stock Down 0.0%

Shares of RTO stock opened at $29.30 on Tuesday. The firm’s 50-day moving average is $25.66 and its 200-day moving average is $24.35. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $30.10.

Rentokil Initial Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Friday, August 15th were paid a $0.2738 dividend. The ex-dividend date was Friday, August 15th. This represents a yield of 240.0%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RTO shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Berenberg Bank raised shares of Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Finally, Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.