Quantinno Capital Management LP Sells 28,606 Shares of Rentokil Initial plc (NYSE:RTO)

Quantinno Capital Management LP decreased its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 53.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,335 shares of the company's stock after selling 28,606 shares during the period. Quantinno Capital Management LP's holdings in Rentokil Initial were worth $632,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTO. Rothschild Investment LLC purchased a new stake in Rentokil Initial in the 2nd quarter valued at about $29,000. Valley Wealth Managers Inc. purchased a new stake in shares of Rentokil Initial during the 3rd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Rentokil Initial by 403.3% during the 2nd 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 last quarter. Assetmark Inc. purchased a new stake in shares of Rentokil Initial during the 3rd quarter worth approximately $36,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Rentokil Initial during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock 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 firm's 50-day simple moving average is $25.39 and its 200 day simple moving average is $27.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a 12-month low of $22.40 and a 12-month high of $34.07.

Analyst Ratings Changes

Separately, Redburn Atlantic lowered shares of 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 assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $29.00.

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.