Citigroup Inc. Sells 6,952 Shares of Rentokil Initial plc (NYSE:RTO)

Citigroup Inc. reduced its position in Rentokil Initial plc (NYSE:RTO) by 4.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 148,220 shares of the company’s stock after selling 6,952 shares during the quarter. Citigroup Inc.’s holdings in Rentokil Initial were worth $3,695,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Rentokil Initial by 130.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after purchasing an additional 1,041,860 shares in the last quarter. River Road Asset Management LLC purchased a new stake in Rentokil Initial in the third quarter valued at approximately $44,055,000. Mediolanum International Funds Ltd purchased a new stake in Rentokil Initial in the third quarter valued at approximately $25,764,000. Envestnet Asset Management Inc. raised its stake in Rentokil Initial by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock valued at $23,701,000 after purchasing an additional 101,090 shares in the last quarter. Finally, Iridian Asset Management LLC CT raised its stake in Rentokil Initial by 32.6% in the third quarter. Iridian Asset Management LLC CT now owns 719,795 shares of the company’s stock valued at $17,944,000 after purchasing an additional 177,101 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Five 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $29.00.

Rentokil Initial Stock Up 1.1 %

RTO stock opened at $26.10 on Thursday. Rentokil Initial plc has a one year low of $22.40 and a one year high of $34.07. The company’s 50 day moving average price is $25.18 and its two-hundred day moving average price is $27.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

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.