Cerity Partners LLC Sells 8,639 Shares of Rentokil Initial plc (NYSE:RTO)

Cerity Partners LLC lowered its stake in Rentokil Initial plc (NYSE:RTO) by 28.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,684 shares of the company’s stock after selling 8,639 shares during the quarter. Cerity Partners LLC’s holdings in Rentokil Initial were worth $541,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew 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 acquiring an additional 1,041,860 shares during the period. River Road Asset Management LLC acquired a new stake in Rentokil Initial in the 3rd quarter valued at $44,055,000. Mediolanum International Funds Ltd bought a new stake in Rentokil Initial during the 3rd quarter valued at $25,764,000. Envestnet Asset Management Inc. raised its holdings in Rentokil Initial by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock worth $23,701,000 after buying an additional 101,090 shares during the last quarter. Finally, Iridian Asset Management LLC CT raised its holdings in Rentokil Initial by 32.6% during the third quarter. Iridian Asset Management LLC CT now owns 719,795 shares of the company’s stock worth $17,944,000 after buying an additional 177,101 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Stock Up 1.9 %

RTO stock opened at $26.50 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. 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 $25.21 and its two-hundred day moving average price is $27.84.

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.