Brown Advisory Inc. Trims Stock Position in Rentokil Initial PLC $RTO

Brown Advisory Inc. cut its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,523,915 shares of the company’s stock after selling 409,687 shares during the quarter. Brown Advisory Inc.’s holdings in Rentokil Initial were worth $44,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new position in Rentokil Initial during the fourth quarter worth about $77,000. Marshall Wace LLP lifted its position in Rentokil Initial by 54.1% during the fourth quarter. Marshall Wace LLP now owns 294,527 shares of the company’s stock worth $8,677,000 after buying an additional 103,422 shares during the period. Stanley Capital Management LLC lifted its position in Rentokil Initial by 9.3% during the fourth quarter. Stanley Capital Management LLC now owns 623,329 shares of the company’s stock worth $18,363,000 after buying an additional 53,000 shares during the period. UMB Bank n.a. purchased a new position in Rentokil Initial during the fourth quarter worth about $75,000. Finally, Stifel Financial Corp lifted its position in Rentokil Initial by 5.8% during the fourth quarter. Stifel Financial Corp now owns 158,581 shares of the company’s stock worth $4,672,000 after buying an additional 8,629 shares during the period. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Trading Down 1.6%

RTO stock opened at $30.18 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. Rentokil Initial PLC has a 1 year low of $22.72 and a 1 year high of $34.67. The stock has a 50-day simple moving average of $32.23 and a 200-day simple moving average of $31.27.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RTO shares. Rothschild & Co Redburn upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 11th. Zacks Research upgraded Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Oppenheimer increased their target price on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 10th. UBS Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, Wall Street Zen downgraded Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rentokil Initial presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

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.