Rentokil Initial (NYSE:RTO – Get Free Report) was downgraded by Redburn Atlantic from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat.com reports.
A number of other research firms have also issued reports on RTO. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. Barclays upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. Finally, UBS Group raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rentokil Initial presently has a consensus rating of “Hold” and an average target price of $29.00.
Rentokil Initial Price Performance
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of RTO. Whittier Trust Co. of Nevada Inc. grew its stake in Rentokil Initial by 81.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after buying an additional 434 shares in the last quarter. Rothschild Investment LLC purchased a new position in Rentokil Initial in the second quarter worth $29,000. Northwestern Mutual Wealth Management Co. increased its stake in Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after acquiring an additional 843 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new position in Rentokil Initial in the second quarter valued at $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in Rentokil Initial during the second quarter valued at about $40,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.
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.
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