Rentokil Initial PLC $RTO Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC trimmed its position in Rentokil Initial PLC (NYSE:RTO) by 23.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 59,235 shares of the company’s stock after selling 18,550 shares during the period. Koss Olinger Consulting LLC’s holdings in Rentokil Initial were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. QVIDTVM Management LLC grew its position in shares of Rentokil Initial by 669.1% in the 3rd quarter. QVIDTVM Management LLC now owns 1,704,486 shares of the company’s stock valued at $43,038,000 after buying an additional 1,482,865 shares during the last quarter. Bank of America Corp DE grew its position in shares of Rentokil Initial by 143.5% in the 2nd quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock valued at $43,721,000 after buying an additional 1,073,471 shares during the last quarter. Optiver Holding B.V. grew its position in shares of Rentokil Initial by 121.1% in the 3rd quarter. Optiver Holding B.V. now owns 1,466,714 shares of the company’s stock valued at $37,035,000 after buying an additional 803,280 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Rentokil Initial by 105.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,553,740 shares of the company’s stock valued at $39,232,000 after buying an additional 798,660 shares during the last quarter. Finally, Independent Franchise Partners LLP grew its position in shares of Rentokil Initial by 662.2% in the 3rd quarter. Independent Franchise Partners LLP now owns 778,628 shares of the company’s stock valued at $19,660,000 after buying an additional 676,473 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Trading Down 1.2%

RTO stock opened at $30.15 on Friday. Rentokil Initial PLC has a one year low of $22.72 and a one year high of $34.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16. The company has a fifty day moving average of $32.54 and a 200-day moving average of $30.98.

Rentokil Initial Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 19th. Investors of record on Friday, April 10th were paid a $0.412 dividend. The ex-dividend date was Friday, April 10th. This represents a dividend yield of 245.0%.

Analyst Ratings Changes

A number of research firms recently commented on RTO. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Oppenheimer increased their target price on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, March 10th. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft downgraded shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen downgraded shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

About Rentokil Initial

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.