Gabelli Funds LLC Cuts Stock Position in Rentokil Initial PLC $RTO

Gabelli Funds LLC significantly reduced its stake in Rentokil Initial PLC (NYSE:RTO) by 56.1% in the third quarter, selling 44,000 shares and retaining 34,500 shares valued at $871,000. Despite this reduction, other institutional investors like Envestnet Asset Management and Liberty One Investment Management increased their positions. Rentokil Initial also announced a dividend of $0.412 per share payable on May 19th, while analyst ratings on the stock are mixed, with a consensus “Hold” rating.