Rentokil Initial (NYSE:RTO) Shares Gap Down to $28.25

Rentokil Initial plc (NYSE:RTO) shares gapped down before the market opened on Thursday . The stock had previously closed at $28.25, but opened at $26.00. Rentokil Initial shares last traded at $26.46, with a volume of 334,861 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on RTO shares. BNP Paribas upgraded Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 18th. Bank of America cut Rentokil Initial from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $40.00 to $29.00 in a research report on Wednesday, January 24th.

Rentokil Initial Trading Down 7.3 %

The business has a 50-day moving average price of $28.91 and a 200-day moving average price of $28.61.

Rentokil Initial Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, April 5th will be paid a $0.3784 dividend. This is a positive change from Rentokil Initial’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 1.6%.

Institutional Trading of Rentokil Initial

Several institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC boosted its stake in Rentokil Initial by 4.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 8,875 shares of the company’s stock valued at $329,000 after buying an additional 392 shares in the last quarter. Gitterman Wealth Management LLC boosted its stake in Rentokil Initial by 8.0% in the third quarter. Gitterman Wealth Management LLC now owns 5,974 shares of the company’s stock worth $221,000 after purchasing an additional 443 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Rentokil Initial by 12.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,320 shares of the company’s stock worth $169,000 after purchasing an additional 463 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Rentokil Initial by 1.8% during the third quarter. New York State Common Retirement Fund now owns 33,189 shares of the company’s stock worth $1,230,000 after purchasing an additional 595 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of Rentokil Initial by 4.2% in the third quarter. Mariner LLC now owns 15,979 shares of the company’s stock valued at $592,000 after buying an additional 650 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

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.