Rentokil Initial (NYSE:RTO) Rating Lowered to “Hold” at Wall Street Zen

Rentokil Initial (NYSE:RTO) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

Other analysts have also recently issued research reports about the stock. Rothschild & Co Redburn raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Oppenheimer lifted their price objective on Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, March 10th. Bank of America raised Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Thursday, December 18th. UBS Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, Zacks Research lowered Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Rentokil Initial Price Performance

Shares of Rentokil Initial stock opened at $32.79 on Friday. The company’s fifty day moving average price is $31.56 and its two-hundred day moving average price is $29.31. Rentokil Initial has a 52-week low of $19.60 and a 52-week high of $33.47.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RTO. Schroder Investment Management Group raised its position in shares of Rentokil Initial by 8.4% during the fourth quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock worth $103,558,000 after acquiring an additional 267,204 shares during the last quarter. Bank of America Corp DE increased its position in Rentokil Initial by 143.5% in the second quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after purchasing an additional 1,073,471 shares during the period. Snyder Capital Management L P raised its holdings in Rentokil Initial by 16.5% during the 4th quarter. Snyder Capital Management L P now owns 1,733,447 shares of the company’s stock worth $51,067,000 after purchasing an additional 244,976 shares during the last quarter. QVIDTVM Management LLC lifted its position in Rentokil Initial by 669.1% during the 3rd quarter. QVIDTVM Management LLC now owns 1,704,486 shares of the company’s stock valued at $43,038,000 after purchasing an additional 1,482,865 shares during the period. Finally, Liberty One Investment Management LLC acquired a new position in Rentokil Initial during the 3rd quarter valued at about $39,946,000. 9.91% of the stock is currently owned by institutional investors.

About Rentokil Initial

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.