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 research report issued on Sunday.

Several other equities research analysts also recently commented on RTO. Zacks Research downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 4th. Bank of America upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a research report on Thursday, January 22nd. UBS Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One research 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. According to MarketBeat, Rentokil Initial currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Trading Up 0.3%

NYSE:RTO opened at $32.88 on Friday. The firm’s 50 day simple moving average is $31.56 and its 200 day simple moving average is $29.40. Rentokil Initial has a one year low of $19.60 and a one year high of $33.47.

Institutional Investors Weigh In On Rentokil Initial

Several institutional investors and hedge funds have recently made changes to their positions in RTO. Envestnet Asset Management Inc. lifted its position in shares of Rentokil Initial by 105.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,553,740 shares of the company’s stock valued at $39,232,000 after acquiring an additional 798,660 shares during the period. Clark Estates Inc. NY acquired a new position in shares of Rentokil Initial during the 3rd quarter valued at $8,332,000. Liberty One Investment Management LLC acquired a new position in shares of Rentokil Initial during the 3rd quarter valued at $39,946,000. Nichols & Pratt Advisers LLP MA lifted its position in shares of Rentokil Initial by 5.9% during the 3rd quarter. Nichols & Pratt Advisers LLP MA now owns 871,415 shares of the company’s stock valued at $22,003,000 after acquiring an additional 48,184 shares during the period. Finally, Advisor OS LLC acquired a new position in shares of Rentokil Initial during the 3rd quarter valued at $1,014,000. Institutional investors own 9.91% of the company’s stock.

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.