Creative Planning Sells 1,604 Shares of Rentokil Initial plc (NYSE:RTO)

Creative Planning cut its holdings in Rentokil Initial plc (NYSE:RTO) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,348 shares of the company’s stock after selling 1,604 shares during the period. Creative Planning’s holdings in Rentokil Initial were worth $1,106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of RTO. Janus Henderson Group PLC grew its position in shares of Rentokil Initial by 0.7% during the 1st quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company’s stock worth $486,610,000 after purchasing an additional 105,248 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Rentokil Initial by 5.7% in the first quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company’s stock valued at $60,768,000 after buying an additional 109,561 shares during the period. The Manufacturers Life Insurance Company increased its stake in Rentokil Initial by 130.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after acquiring an additional 1,041,860 shares during the period. Lazard Asset Management LLC raised its holdings in Rentokil Initial by 345,196.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock valued at $47,056,000 after acquiring an additional 1,560,289 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Rentokil Initial by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock valued at $23,701,000 after acquiring an additional 101,090 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RTO shares. Barclays upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein raised shares of 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $29.00.

Rentokil Initial Stock Up 0.7 %

Shares of RTO stock opened at $25.35 on Friday. The business has a fifty day simple moving average of $26.59 and a 200 day simple moving average of $27.98. 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 twelve month low of $22.40 and a twelve month high of $34.07.

About Rentokil Initial

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.