JPMorgan Chase & Co. Reaffirms Overweight Rating for Rentokil Initial (NYSE:RTO)

Rentokil Initial (NYSE:RTO)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Friday,Benzinga reports.

RTO has been the subject of a number of other research reports. Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Sanford C. Bernstein raised Rentokil Initial from an “underperform” rating to an “outperform” rating in a research report on Tuesday, October 7th. Finally, Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rentokil Initial currently has an average rating of “Moderate Buy”.

Rentokil Initial Price Performance

NYSE:RTO opened at $26.98 on Friday. The firm has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $24.90. Rentokil Initial has a 1-year low of $19.60 and a 1-year high of $30.10.

Institutional Investors Weigh In On Rentokil Initial

Several hedge funds have recently modified their holdings of RTO. Cetera Investment Advisers boosted its holdings in shares of Rentokil Initial by 27.5% in the first quarter. Cetera Investment Advisers now owns 41,646 shares of the company’s stock worth $954,000 after buying an additional 8,985 shares during the period. Assetmark Inc. boosted its stake in Rentokil Initial by 260.4% in the 1st quarter. Assetmark Inc. now owns 82,693 shares of the company’s stock worth $1,894,000 after purchasing an additional 59,749 shares during the period. First Foundation Advisors purchased a new position in Rentokil Initial during the 1st quarter worth approximately $339,000. Wealthquest Corp acquired a new stake in Rentokil Initial during the 1st quarter valued at $66,000. Finally, Alberta Investment Management Corp lifted its holdings in shares of Rentokil Initial by 36.8% in the first quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company’s stock valued at $41,103,000 after purchasing an additional 482,429 shares in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

About Rentokil Initial

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.