Ethic Inc. Makes New $212,000 Investment in Rentokil Initial PLC $RTO

Ethic Inc. acquired a new position in shares of Rentokil Initial PLC (NYSE:RTO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,679 shares of the company’s stock, valued at approximately $212,000.

Several other institutional investors have also recently added to or reduced their stakes in RTO. Exencial Wealth Advisors LLC increased its position in Rentokil Initial by 6.5% during the second quarter. Exencial Wealth Advisors LLC now owns 47,919 shares of the company’s stock worth $1,150,000 after purchasing an additional 2,934 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Rentokil Initial in the second quarter valued at $317,000. IFP Advisors Inc grew its position in Rentokil Initial by 115.5% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $31,000 after acquiring an additional 687 shares during the period. Callan Family Office LLC acquired a new stake in Rentokil Initial during the second quarter worth about $214,000. Finally, Vontobel Holding Ltd. increased its position in Rentokil Initial by 31.2% during the 2nd quarter. Vontobel Holding Ltd. now owns 16,000 shares of the company’s stock worth $384,000 after purchasing an additional 3,805 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a report on Wednesday, October 8th. Berenberg Bank upgraded Rentokil Initial to a “strong sell” rating in a research note on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Up 1.1%

Shares of RTO opened at $27.80 on Friday. Rentokil Initial PLC has a 52 week low of $19.60 and a 52 week high of $30.10. The stock has a 50 day moving average of $25.94 and a 200-day moving average of $24.49.

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.