Rentokil Initial (NYSE:RTO) Upgraded to “Neutral” at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Rentokil Initial (NYSE:RTO) from a sell rating to a neutral rating in a research report released on Wednesday morning, Marketbeat Ratings reports.

Several other equities analysts also recently weighed in on RTO. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a report on Thursday, January 22nd. Oppenheimer upped their price objective on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rentokil Initial in a report on Friday, November 21st. Bank of America raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Rentokil Initial currently has an average rating of “Hold” and an average target price of $34.50.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $31.75 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.12. The business has a fifty day moving average of $31.45 and a 200 day moving average of $28.51. Rentokil Initial has a 1 year low of $19.60 and a 1 year high of $33.46.

Rentokil Initial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 19th. Investors of record on Friday, April 10th will be paid a $0.412 dividend. This represents a dividend yield of 266.0%. The ex-dividend date is Friday, April 10th.

Hedge Funds Weigh In On Rentokil Initial

A number of hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd increased its position in shares of Rentokil Initial by 222.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock valued at $34,000 after buying an additional 802 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Rentokil Initial by 76.5% during the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after buying an additional 534 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Rentokil Initial during the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC grew its stake in Rentokil Initial by 171.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after acquiring an additional 1,089 shares during the period. Finally, IFP Advisors Inc grew its stake in Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after acquiring an additional 690 shares during the period. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Company 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.