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

Rentokil Initial (NYSE:RTO) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Monday, July 6th. Zacks Research lowered shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rentokil Initial in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Rentokil Initial Stock Up 0.1%

Shares of RTO opened at $30.43 on Monday. The business’s fifty day moving average price is $30.21 and its 200 day moving average price is $31.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16. Rentokil Initial has a 12-month low of $22.77 and a 12-month high of $34.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its stake in Rentokil Initial by 222.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock worth $34,000 after buying an additional 802 shares during the last quarter. GAMMA Investing LLC lifted its stake in Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after buying an additional 534 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Rentokil Initial in the fourth quarter valued at $39,000. V Square Quantitative Management LLC boosted its holdings in shares of Rentokil Initial by 84.5% during the first quarter. V Square Quantitative Management LLC now owns 1,395 shares of the company’s stock valued at $44,000 after acquiring an additional 639 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Rentokil Initial by 296.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock valued at $58,000 after acquiring an additional 1,461 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

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.