Signaturefd LLC Trims Stake in Rentokil Initial plc (NYSE:RTO)

Signaturefd LLC lowered its stake in Rentokil Initial plc (NYSE:RTO) by 22.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,543 shares of the company’s stock after selling 2,778 shares during the period. Signaturefd LLC’s holdings in Rentokil Initial were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its position in Rentokil Initial by 81.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock valued at $29,000 after acquiring an additional 434 shares in the last quarter. Rothschild Investment LLC bought a new position in Rentokil Initial in the 2nd quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. lifted its position in Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after acquiring an additional 843 shares in the last quarter. GPS Wealth Strategies Group LLC bought a new position in Rentokil Initial in the 2nd quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. bought a new position in Rentokil Initial in the 2nd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Price Performance

NYSE:RTO opened at $24.71 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a one year low of $22.40 and a one year high of $34.07. The business has a fifty day moving average price of $26.99 and a 200-day moving average price of $28.04.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Redburn Atlantic cut Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Barclays raised Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. UBS Group raised Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. Finally, Sanford C. Bernstein raised Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $29.00.

Rentokil Initial 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.