Charles Schwab Investment Management Inc. Sells 10,340 Shares of Rentokil Initial plc (NYSE:RTO)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 33.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,477 shares of the company’s stock after selling 10,340 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Rentokil Initial were worth $510,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. River Road Asset Management LLC bought a new stake in shares of Rentokil Initial during the 3rd quarter valued at $44,055,000. The Manufacturers Life Insurance Company grew its holdings in Rentokil Initial by 130.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after buying an additional 1,041,860 shares in the last quarter. Mediolanum International Funds Ltd purchased a new position in Rentokil Initial during the 3rd quarter valued at about $25,764,000. Iridian Asset Management LLC CT increased its position in shares of Rentokil Initial by 32.6% during the third quarter. Iridian Asset Management LLC CT now owns 719,795 shares of the company’s stock valued at $17,944,000 after buying an additional 177,101 shares during the period. Finally, Anthracite Investment Company Inc. lifted its holdings in shares of Rentokil Initial by 211.3% in the third quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock worth $5,345,000 after buying an additional 145,528 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Trading Down 1.1 %

RTO opened at $25.28 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. 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 price is $25.56 and its 200-day moving average price is $27.81.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” 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.