Natixis Advisors LLC Trims Stock Position in Rentokil Initial plc (NYSE:RTO)

Natixis Advisors LLC decreased its stake in Rentokil Initial plc (NYSE:RTO) by 62.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,909 shares of the company’s stock after selling 175,407 shares during the quarter. Natixis Advisors LLC’s holdings in Rentokil Initial were worth $2,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new position in Rentokil Initial in the second quarter valued at $29,000. Valley Wealth Managers Inc. purchased a new position in shares of Rentokil Initial in the 3rd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. raised its holdings in Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after purchasing an additional 843 shares during the period. Assetmark Inc. purchased a new position in Rentokil Initial during the third quarter worth approximately $36,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in Rentokil Initial in the second quarter valued at approximately $38,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Price Performance

RTO stock opened at $25.98 on Monday. Rentokil Initial plc has a 12-month low of $22.40 and a 12-month high of $34.07. The business’s 50-day moving average is $25.00 and its 200 day moving average is $27.92. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Analysts Set New Price Targets

Separately, Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.