Rentokil Initial plc (NYSE:RTO) Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its stake in Rentokil Initial plc (NYSE:RTO) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,710 shares of the company’s stock after selling 2,097 shares during the period. Atria Investments Inc’s holdings in Rentokil Initial were worth $392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RTO. CWM LLC raised its position in Rentokil Initial by 7.4% during the second quarter. CWM LLC now owns 5,551 shares of the company’s stock worth $165,000 after acquiring an additional 382 shares during the last quarter. Truist Financial Corp grew its stake in Rentokil Initial by 2.6% during the second quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock worth $475,000 after buying an additional 401 shares during the period. Signaturefd LLC lifted its position in shares of Rentokil Initial by 3.4% during the second quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock worth $365,000 after purchasing an additional 406 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its position in shares of Rentokil Initial by 19.1% during the second quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock worth $140,000 after purchasing an additional 759 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Rentokil Initial by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,258 shares of the company’s stock worth $779,000 after purchasing an additional 811 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. Redburn Atlantic downgraded Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rentokil Initial currently has an average rating of “Hold” and a consensus price target of $29.00.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $25.62 on Friday. The stock’s 50 day simple moving average is $24.96 and its 200 day simple moving average is $27.93. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial plc has a 12-month low of $22.40 and a 12-month high of $34.07.

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.