Oppenheimer Asset Management Inc. Has $573,000 Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Oppenheimer Asset Management Inc. lowered its position in Rentokil Initial plc (NYSE:RTO) by 29.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,978 shares of the company’s stock after selling 9,695 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rentokil Initial were worth $573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in RTO. Northwestern Mutual Wealth Management Co. increased its position 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 valued at $31,000 after acquiring an additional 843 shares during the period. Lazard Asset Management LLC increased its holdings in Rentokil Initial by 345,196.7% in the first quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock valued at $47,056,000 after purchasing an additional 1,560,289 shares during the period. Veracity Capital LLC acquired a new stake in Rentokil Initial in the third quarter valued at $644,000. Sanctuary Advisors LLC acquired a new position in Rentokil Initial during the 2nd quarter worth about $870,000. Finally, The Manufacturers Life Insurance Company lifted 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 worth $54,530,000 after buying an additional 1,041,860 shares during the period. Institutional investors own 9.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Redburn Atlantic downgraded Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Barclays upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Stock Up 0.1 %

Shares of NYSE:RTO opened at $26.02 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a 52-week low of $22.40 and a 52-week high of $34.07. The business’s 50 day simple moving average is $25.06 and its two-hundred day simple moving average is $27.94. The firm has a market cap of $13.14 billion, a P/E ratio of 18.20, a PEG ratio of 7.01 and a beta of 1.09.

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.