Rentokil Initial (NYSE:RTO) Shares Gap Down – What’s Next?

Rentokil Initial plc (NYSE:RTO)’s share price gapped down before the market opened on Friday . The stock had previously closed at $25.71, but opened at $25.05. Rentokil Initial shares last traded at $25.28, with a volume of 100,754 shares traded.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The business’s 50 day moving average is $25.09 and its 200 day moving average is $27.89.

Institutional Trading of Rentokil Initial

Several hedge funds and other institutional investors have recently modified their holdings of RTO. Northwestern Mutual Wealth Management Co. raised its position 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 buying an additional 843 shares during the period. Anthracite Investment Company Inc. increased its holdings in shares of Rentokil Initial by 211.3% in the 3rd quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock valued at $5,345,000 after purchasing an additional 145,528 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Rentokil Initial by 165.8% in the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock worth $1,386,000 after purchasing an additional 34,687 shares in the last quarter. Veracity Capital LLC acquired a new stake in shares of Rentokil Initial during the third quarter worth approximately $644,000. Finally, Sanctuary Advisors LLC purchased a new position in Rentokil Initial during the second quarter valued at approximately $870,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Company 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.