Y Intercept Hong Kong Ltd Acquires New Holdings in Rentokil Initial PLC $RTO

Y Intercept Hong Kong Ltd acquired a new stake in Rentokil Initial PLC (NYSE:RTO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,758 shares of the company’s stock, valued at approximately $1,482,000.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Rentokil Initial by 416.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 913 shares during the last quarter. IFP Advisors Inc grew its stake in Rentokil Initial by 115.5% in the 2nd 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 last quarter. Brooklyn Investment Group grew its stake in Rentokil Initial by 668.3% in the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock valued at $37,000 after acquiring an additional 1,390 shares during the last quarter. State of Wyoming acquired a new stake in Rentokil Initial in the 1st quarter valued at about $46,000. Finally, Cape Investment Advisory Inc. grew its stake in Rentokil Initial by 67.4% in the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock valued at $58,000 after acquiring an additional 1,014 shares during the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Stock Up 1.1%

Rentokil Initial stock opened at $27.80 on Monday. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $30.10. The firm’s 50-day moving average is $25.94 and its two-hundred day moving average is $24.52.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RTO shares. Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Wednesday, October 8th. Berenberg Bank raised shares of Rentokil Initial to a “strong sell” rating in a research note on Monday, September 29th. Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to an “outperform” rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Rentokil Initial in a research note on Monday, July 21st. Finally, Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rentokil Initial 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.