Rentokil Initial plc (NYSE:RTO) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,947 shares of the company’s stock after selling 11,940 shares during the period. Bank of Montreal Can’s holdings in Rentokil Initial were worth $2,228,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RTO. Anthracite Investment Company Inc. raised its holdings in Rentokil Initial by 211.3% in the third quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock valued at $5,345,000 after acquiring an additional 145,528 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Rentokil Initial by 1,001.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 9,054 shares of the company’s stock valued at $226,000 after acquiring an additional 8,232 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in Rentokil Initial by 3.2% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 209,377 shares of the company’s stock worth $5,220,000 after purchasing an additional 6,401 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in Rentokil Initial in the third quarter valued at approximately $29,000. Finally, Oppenheimer & Co. Inc. increased its stake in Rentokil Initial by 165.8% in the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock valued at $1,386,000 after purchasing an additional 34,687 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Trading Down 0.3 %

NYSE:RTO opened at $26.01 on Friday. The company has a market capitalization of $13.13 billion, a PE ratio of 18.32, a P/E/G ratio of 7.09 and a beta of 1.08. Rentokil Initial plc has a 52-week low of $22.40 and a 52-week high of $34.07. The stock’s 50 day moving average price is $25.19 and its 200 day moving average price is $27.84. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Rentokil Initial 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.