Campbell & CO Investment Adviser LLC Trims Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Campbell & CO Investment Adviser LLC decreased its position in Rentokil Initial plc (NYSE:RTOFree Report) by 74.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,626 shares of the company’s stock after selling 39,115 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Rentokil Initial were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTO. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Rentokil Initial during the 4th quarter valued at about $34,000. Principal Securities Inc. purchased a new position in shares of Rentokil Initial during the 4th quarter valued at about $47,000. Quantbot Technologies LP purchased a new position in shares of Rentokil Initial during the 3rd quarter valued at about $48,000. Fiera Capital Corp purchased a new position in shares of Rentokil Initial during the 3rd quarter valued at about $211,000. Finally, Whittier Trust Co. raised its stake in shares of Rentokil Initial by 17.8% during the 4th quarter. Whittier Trust Co. now owns 7,538 shares of the company’s stock valued at $216,000 after buying an additional 1,141 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

NYSE:RTO opened at $26.59 on Tuesday. Rentokil Initial plc has a 52 week low of $23.39 and a 52 week high of $41.55. The stock’s 50-day moving average price is $27.23 and its 200-day moving average price is $27.56.

Rentokil Initial Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Friday, April 5th were given a dividend of $0.3784 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Rentokil Initial’s previous semi-annual dividend of $0.18. This represents a dividend yield of 1.6%.

Analysts Set New Price Targets

A number of research firms have weighed in on RTO. JPMorgan Chase & Co. began coverage on Rentokil Initial in a research note on Tuesday, April 23rd. They set a “neutral” rating for the company. BNP Paribas upgraded Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 18th.

View Our Latest Stock Report on RTO

About Rentokil Initial

(Free Report)

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.

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Institutional Ownership by Quarter for Rentokil Initial (NYSE:RTO)

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