Rentokil Initial plc (NYSE:RTO) Stock Holdings Trimmed by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 57.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,848 shares of the company's stock after selling 78,806 shares during the period. Orion Portfolio Solutions LLC's holdings in Rentokil Initial were worth $1,442,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in RTO. Rothschild Investment LLC acquired a new position in shares of Rentokil Initial in the 2nd quarter worth approximately $29,000. Valley Wealth Managers Inc. acquired a new position in Rentokil Initial in the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. increased its stake in Rentokil Initial by 403.3% during the second 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 during the last quarter. Assetmark Inc. acquired a new stake in shares of Rentokil Initial during the third quarter worth $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 currently owned by institutional investors.

Rentokil Initial Stock Up 3.3 %

NYSE RTO traded up $0.84 during trading hours on Friday, hitting $26.35. The company had a trading volume of 967,424 shares, compared to its average volume of 730,995. 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 fifty-two week low of $22.40 and a fifty-two week high of $34.07. The business has a fifty day simple moving average of $25.39 and a 200-day simple moving average of $27.84.

Analysts Set New Price Targets

Separately, Redburn Atlantic downgraded shares of Rentokil Initial from a "buy" rating to a "neutral" rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Rentokil Initial presently 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.