Brown Advisory Inc. Lowers Stake in Rentokil Initial PLC $RTO

Brown Advisory Inc. cut its position in Rentokil Initial PLC (NYSE:RTO) by 28.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,495,842 shares of the company’s stock after selling 1,005,077 shares during the quarter. Brown Advisory Inc. owned 0.49% of Rentokil Initial worth $59,900,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in shares of Rentokil Initial by 416.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 913 shares during the last quarter. IFP Advisors Inc raised its position in shares of Rentokil Initial by 115.5% during the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $31,000 after acquiring an additional 687 shares in the last quarter. Brooklyn Investment Group lifted its stake in Rentokil Initial by 668.3% during the first quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock worth $37,000 after purchasing an additional 1,390 shares during the last quarter. State of Wyoming purchased a new stake in Rentokil Initial during the first quarter worth approximately $46,000. Finally, Cape Investment Advisory Inc. boosted its holdings in Rentokil Initial by 67.4% in the first quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock valued at $58,000 after purchasing an additional 1,014 shares in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Price Performance

NYSE RTO opened at $28.44 on Friday. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $30.10. The business’s 50-day moving average price is $27.15 and its 200 day moving average price is $25.19.

Wall Street Analyst Weigh In

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