Atria Investments Inc Cuts Stake in Rentokil Initial plc (NYSE:RTO)

Atria Investments Inc lessened its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,710 shares of the company’s stock after selling 2,097 shares during the period. Atria Investments Inc’s holdings in Rentokil Initial were worth $392,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RTO. River Road Asset Management LLC purchased a new stake in shares of Rentokil Initial in the 3rd quarter valued at approximately $44,055,000. Lazard Asset Management LLC grew its stake in shares of 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 buying an additional 1,560,289 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Rentokil Initial by 130.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after buying an additional 1,041,860 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of Rentokil Initial in the 3rd quarter worth approximately $25,764,000. Finally, Nicholas Company Inc. acquired a new position in shares of Rentokil Initial in the 2nd quarter worth approximately $6,093,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RTO shares. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Barclays upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Five 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $29.00.

Rentokil Initial Price Performance

Shares of Rentokil Initial stock opened at $25.62 on Friday. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The company’s fifty day moving average is $24.96 and its two-hundred day moving average is $27.93.

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.