Rentokil Initial (NYSE:RTO) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Rentokil Initial (NYSE:RTO) from a buy rating to a hold rating in a research report released on Monday.

A number of other research analysts also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a research note on Wednesday, June 24th. The Goldman Sachs Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Monday, July 6th. Finally, Zacks Research lowered Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.50.

Rentokil Initial Stock Down 0.5%

Shares of RTO stock opened at $29.86 on Monday. The business has a 50 day moving average of $30.05 and a two-hundred day moving average of $31.38. Rentokil Initial has a 52 week low of $22.77 and a 52 week high of $34.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16.

Institutional Trading of Rentokil Initial

Hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC purchased a new stake in shares of Rentokil Initial in the 4th quarter valued at approximately $1,783,000. Klein Pavlis & Peasley Financial Inc. purchased a new position in Rentokil Initial during the 4th quarter worth approximately $1,201,000. Assetmark Inc. raised its stake in Rentokil Initial by 38.5% during the 4th quarter. Assetmark Inc. now owns 648,845 shares of the company’s stock valued at $19,115,000 after purchasing an additional 180,332 shares during the period. Nichols & Pratt Advisers LLP MA raised its stake in Rentokil Initial by 14.4% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 997,112 shares of the company’s stock valued at $29,375,000 after purchasing an additional 125,697 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Rentokil Initial by 501.4% in the third quarter. JPMorgan Chase & Co. now owns 560,332 shares of the company’s stock valued at $14,148,000 after purchasing an additional 467,167 shares in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Company Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.