Fmr LLC Sells 23,314 Shares of Rentokil Initial plc (NYSE:RTO)

FMR LLC lessened its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 19.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 96,448 shares of the company's stock after selling 23,314 shares during the quarter. FMR LLC's holdings in Rentokil Initial were worth $2,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Rothschild Investment LLC bought a new stake in shares of Rentokil Initial in the 2nd quarter valued at about $29,000. Valley Wealth Managers Inc. bought a new stake in Rentokil Initial during the 3rd quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. grew its stake in Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company's stock worth $31,000 after purchasing an additional 843 shares during the period. Assetmark Inc. purchased a new stake in shares of Rentokil Initial in the 3rd quarter worth about $36,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Rentokil Initial in the 2nd quarter worth about $40,000. 9.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic cut shares of 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 issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Rentokil Initial has a consensus rating of "Hold" and a consensus target price of $29.00.

Rentokil Initial Trading Up 3.3 %

Shares of NYSE:RTO traded up $0.84 on Friday, hitting $26.35. 967,424 shares of the company traded hands, compared to its average volume of 700,866. The stock has a 50 day simple moving average of $25.39 and a 200-day simple moving average of $27.86. 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 52 week low of $22.40 and a 52 week 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.