Rentokil Initial PLC (NYSE:RTO) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 18.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,821 shares of the company’s stock after selling 1,964 shares during the period. M&T Bank Corp’s holdings in Rentokil Initial were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Gates Capital Management Inc. grew its position in shares of Rentokil Initial by 21.0% during the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company’s stock valued at $158,453,000 after acquiring an additional 1,084,845 shares during the period. Voss Capital LP grew its position in shares of Rentokil Initial by 21.2% during the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company’s stock valued at $78,246,000 after acquiring an additional 540,287 shares during the period. MIG Capital LLC boosted its holdings in Rentokil Initial by 29.1% in the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company’s stock worth $39,091,000 after buying an additional 347,882 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Rentokil Initial by 109.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company’s stock worth $27,636,000 after buying an additional 570,330 shares during the last quarter. Finally, Snyder Capital Management L P acquired a new stake in Rentokil Initial in the 4th quarter worth about $24,297,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein cut Rentokil Initial from a “market perform” rating to an “underperform” rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Rentokil Initial Trading Up 2.0%

RTO stock opened at $23.82 on Friday. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 15.77 and a beta of 0.94. The business’s 50-day moving average is $23.61 and its 200 day moving average is $23.63. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $34.07. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59.

Rentokil Initial Company 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.