Rentokil Initial plc (NYSE:RTO) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 62.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,909 shares of the company’s stock after selling 175,407 shares during the quarter. Natixis Advisors LLC’s holdings in Rentokil Initial were worth $2,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Rentokil Initial by 7.4% during the 2nd quarter. CWM LLC now owns 5,551 shares of the company’s stock worth $165,000 after purchasing an additional 382 shares during the last quarter. Truist Financial Corp raised its stake in shares of Rentokil Initial by 2.6% in the 2nd quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock valued at $475,000 after acquiring an additional 401 shares during the period. Signaturefd LLC lifted its holdings in shares of Rentokil Initial by 3.4% in the 2nd quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock worth $365,000 after acquiring an additional 406 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its position in shares of Rentokil Initial by 19.1% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock worth $140,000 after purchasing an additional 759 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Rentokil Initial by 3.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 26,258 shares of the company’s stock valued at $779,000 after purchasing an additional 811 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic cut Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Rentokil Initial presently has a consensus rating of “Hold” and an average price target of $29.00.

Rentokil Initial Stock Up 1.4 %

Shares of RTO opened at $25.98 on Monday. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average price is $25.00 and its 200 day moving average price is $27.92.

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.