Rentokil Initial PLC $RTO Shares Sold by Brown Advisory Inc.

Brown Advisory Inc. decreased its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 28.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,495,842 shares of the company’s stock after selling 1,005,077 shares during the period. Brown Advisory Inc.’s holdings in Rentokil Initial were worth $59,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Arlington Partners LLC acquired a new position in Rentokil Initial during the second quarter worth $1,639,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Rentokil Initial during the 2nd quarter worth $1,482,000. Bank of Montreal Can increased its holdings in shares of Rentokil Initial by 557.8% in the 2nd quarter. Bank of Montreal Can now owns 759,854 shares of the company’s stock valued at $18,236,000 after purchasing an additional 644,341 shares in the last quarter. Sunriver Management LLC lifted its stake in shares of Rentokil Initial by 115.5% in the second quarter. Sunriver Management LLC now owns 2,057,126 shares of the company’s stock valued at $49,371,000 after purchasing an additional 1,102,353 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Rentokil Initial during the second quarter worth about $317,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTO has been the subject of a number of research analyst reports. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a report on Wednesday, October 8th. Jefferies Financial Group raised Rentokil Initial to a “strong-buy” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Rentokil Initial in a research report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $28.44 on Friday. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $30.10. The firm’s 50 day moving average price is $27.15 and its 200 day moving average price is $25.19.

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.