Squarepoint Ops LLC Grows Stock Position in Rentokil Initial PLC $RTO

Squarepoint Ops LLC increased its position in shares of Rentokil Initial PLC (NYSE:RTO) by 120.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,501 shares of the company’s stock after purchasing an additional 29,762 shares during the quarter. Squarepoint Ops LLC’s holdings in Rentokil Initial were worth $1,308,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in 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 boosted 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 worth $31,000 after acquiring an additional 687 shares during the last quarter. Brooklyn Investment Group boosted its position 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 acquiring an additional 1,390 shares during the last quarter. State of Wyoming purchased a new stake in Rentokil Initial during the 1st quarter valued at about $46,000. Finally, Cape Investment Advisory Inc. raised its holdings 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 Trading Down 0.6%

NYSE RTO opened at $29.78 on Friday. The stock has a fifty day simple moving average of $27.65 and a 200-day simple moving average of $25.56. Rentokil Initial PLC has a twelve month low of $19.60 and a twelve month high of $30.16.

Analyst Ratings Changes

RTO has been the topic of several recent research reports. Bank of America upgraded Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rentokil Initial in a research note on Friday, November 21st. Jefferies Financial Group upgraded Rentokil Initial to a “strong-buy” rating in a report on Wednesday, October 8th. Berenberg Bank upgraded Rentokil Initial to a “strong sell” rating in a report on Monday, September 29th. Finally, Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Rentokil Initial currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Rentokil Initial Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.