Rentokil Initial (NYSE:RTO) Downgraded by Wall Street Zen to Hold

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

RTO has been the subject of several other research reports. Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a report on Wednesday, June 24th. Finally, The Goldman Sachs Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Rentokil Initial has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Stock Down 0.9%

Shares of NYSE RTO opened at $30.11 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. The stock has a 50 day moving average price of $30.16 and a 200 day moving average price of $31.38. Rentokil Initial has a 52 week low of $22.77 and a 52 week high of $34.67.

Institutional Trading of Rentokil Initial

Several institutional investors and hedge funds have recently bought and sold shares of RTO. Janus Henderson Group PLC boosted its stake in shares of Rentokil Initial by 3.0% during the 1st quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock worth $522,329,000 after acquiring an additional 490,885 shares during the period. Bank of America Corp DE raised its stake in Rentokil Initial by 60.7% in the 1st quarter. Bank of America Corp DE now owns 6,650,998 shares of the company’s stock valued at $209,373,000 after acquiring an additional 2,511,135 shares during the period. Schroder Investment Management Group raised its stake in Rentokil Initial by 8.4% in the 4th quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock valued at $103,558,000 after acquiring an additional 267,204 shares during the period. Snyder Capital Management L P lifted its holdings in Rentokil Initial by 16.5% during the 4th quarter. Snyder Capital Management L P now owns 1,733,447 shares of the company’s stock valued at $51,067,000 after purchasing an additional 244,976 shares during the last quarter. Finally, Summitry LLC lifted its holdings in Rentokil Initial by 1.7% during the 4th quarter. Summitry LLC now owns 1,475,957 shares of the company’s stock valued at $43,482,000 after purchasing an additional 25,170 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

About Rentokil Initial

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.