First Foundation Advisors Sells 38,552 Shares of Rentokil Initial plc (NYSE:RTO)

First Foundation Advisors reduced its position in Rentokil Initial plc (NYSE:RTO) by 41.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,111 shares of the company’s stock after selling 38,552 shares during the quarter. First Foundation Advisors’ holdings in Rentokil Initial were worth $1,662,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Anthracite Investment Company Inc. bought a new position in shares of Rentokil Initial during the 1st quarter valued at $1,146,000. Orion Portfolio Solutions LLC grew its stake in shares of Rentokil Initial by 77.4% during the first quarter. Orion Portfolio Solutions LLC now owns 126,931 shares of the company’s stock valued at $3,827,000 after buying an additional 55,396 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Rentokil Initial by 4.1% in the first quarter. William Blair Investment Management LLC now owns 58,257 shares of the company’s stock worth $1,756,000 after buying an additional 2,294 shares during the period. Motley Fool Wealth Management LLC lifted its stake in shares of Rentokil Initial by 5.8% in the 1st quarter. Motley Fool Wealth Management LLC now owns 462,960 shares of the company’s stock valued at $13,958,000 after acquiring an additional 25,313 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Rentokil Initial by 21.0% during the 1st quarter. Sei Investments Co. now owns 64,606 shares of the company’s stock valued at $1,948,000 after acquiring an additional 11,202 shares during the period. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Stock Down 1.4 %

NYSE:RTO traded down $0.42 during mid-day trading on Friday, reaching $29.54. 372,813 shares of the company’s stock traded hands, compared to its average volume of 441,760. The company has a 50 day moving average price of $28.63 and a 200-day moving average price of $28.01. Rentokil Initial plc has a 12-month low of $23.39 and a 12-month high of $41.55.

Analyst Ratings Changes

RTO has been the topic of a number of analyst reports. UBS Group raised Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. began coverage on shares of Rentokil Initial in a report on Tuesday, April 23rd. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Rentokil Initial has an average rating of “Hold” and a consensus 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.