Rentokil Initial plc (NYSE:RTO) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lowered its stake in shares of Rentokil Initial plc (NYSE:RTO) by 33.8% during the third quarter, Holdings Channel reports. The fund owned 34,888 shares of the company’s stock after selling 17,791 shares during the quarter. Townsquare Capital LLC’s holdings in Rentokil Initial were worth $870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 in the last quarter. Anthracite Investment Company Inc. lifted its stake in shares of Rentokil Initial by 211.3% during the third quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock valued at $5,345,000 after buying an additional 145,528 shares during the period. Oppenheimer & Co. Inc. boosted its position in Rentokil Initial by 165.8% during the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock worth $1,386,000 after acquiring an additional 34,687 shares during the last quarter. Veracity Capital LLC purchased a new stake in Rentokil Initial in the 3rd quarter worth approximately $644,000. Finally, Sanctuary Advisors LLC purchased a new stake in Rentokil Initial in the 2nd quarter worth approximately $870,000. Hedge funds and other institutional investors 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 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $29.00.

Rentokil Initial Price Performance

RTO opened at $25.93 on Tuesday. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The company’s 50 day simple moving average is $25.15 and its 200 day simple moving average is $27.88. 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 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.