Rentokil Initial plc (NYSE:RTO) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Rentokil Initial plc (NYSE:RTO) by 17.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,837 shares of the company’s stock after selling 13,512 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Rentokil Initial were worth $1,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new position in Rentokil Initial during the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Rentokil Initial in the 3rd quarter valued at approximately $36,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Rentokil Initial in the second quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in Rentokil Initial during the second quarter worth $40,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Stock Up 0.1 %

Shares of Rentokil Initial stock opened at $26.02 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $25.06 and its 200-day simple moving average is $27.94. The stock has a market capitalization of $13.14 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 7.01 and a beta of 1.09. Rentokil Initial plc has a twelve month low of $22.40 and a twelve month high of $34.07.

Analyst Upgrades and Downgrades

RTO has been the subject of a number of analyst reports. Barclays raised Rentokil Initial to a “strong-buy” rating in a 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 investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Company 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.