Weiss Ratings Reaffirms “Hold (C-)” Rating for Rentokil Initial (NYSE:RTO)

Rentokil Initial (NYSE:RTO)‘s stock had its “hold (c-)” rating reissued by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

A number of other analysts have also weighed in on RTO. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to an “outperform” rating in a research note on Tuesday. Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a report on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Rentokil Initial Trading Down 3.2%

Shares of RTO opened at $26.96 on Wednesday. The firm has a market cap of $13.62 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 4.84 and a beta of 0.95. Rentokil Initial has a 12-month low of $19.60 and a 12-month high of $27.96. The company’s 50-day moving average price is $24.94 and its 200 day moving average price is $23.86.

Institutional Trading of Rentokil Initial

Large investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of Rentokil Initial by 416.9% during the second quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 913 shares during the last quarter. IFP Advisors Inc boosted its stake in Rentokil Initial by 115.5% in the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $31,000 after buying an additional 687 shares during the last quarter. Brooklyn Investment Group boosted its stake in Rentokil Initial by 668.3% in the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock worth $37,000 after buying an additional 1,390 shares during the last quarter. State of Wyoming acquired a new stake in Rentokil Initial in the 1st quarter worth about $46,000. Finally, Cape Investment Advisory Inc. boosted its stake in Rentokil Initial by 67.4% in the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock worth $58,000 after buying an additional 1,014 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

About Rentokil Initial

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.