Rentokil Initial plc (NYSE:RTO) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of Rentokil Initial plc (NYSE:RTO) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,924 shares of the company’s stock after selling 5,440 shares during the quarter. Stifel Financial Corp’s holdings in Rentokil Initial were worth $4,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in Rentokil Initial by 3.8% during the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after acquiring an additional 617,227 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Rentokil Initial by 130.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after purchasing an additional 1,041,860 shares in the last quarter. River Road Asset Management LLC acquired a new position in shares of Rentokil Initial during the third quarter worth $44,055,000. Harvey Partners LLC grew its holdings in Rentokil Initial by 48.3% during the 3rd quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock valued at $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Finally, MIG Capital LLC increased its stake in Rentokil Initial by 34.3% during the 3rd quarter. MIG Capital LLC now owns 1,195,997 shares of the company’s stock worth $29,816,000 after buying an additional 305,374 shares during the period. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Ratings Changes

Separately, Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $29.00.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $26.35 on Monday. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average of $25.39 and a 200-day moving average of $27.86.

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.