Rentokil Initial (NYSE:RTO) Upgraded at UBS Group

UBS Group upgraded shares of Rentokil Initial (NYSE:RTO) from a sell rating to a neutral rating in a research report sent to investors on Monday, Benzinga reports.

A number of other equities research analysts have also weighed in on the company. BNP Paribas upgraded Rentokil Initial from a neutral rating to an outperform rating in a research report on Monday, March 18th. JPMorgan Chase & Co. began coverage on Rentokil Initial in a research note on Tuesday, April 23rd. They issued a neutral rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $29.00.

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock opened at $30.05 on Monday. Rentokil Initial has a 52-week low of $23.39 and a 52-week high of $41.55. The company’s 50 day moving average price is $27.72 and its 200-day moving average price is $27.85.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RTO. Janus Henderson Group PLC grew its stake in shares of Rentokil Initial by 0.7% in the first quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company’s stock worth $486,610,000 after acquiring an additional 105,248 shares during the period. Gates Capital Management Inc. lifted its stake in shares of Rentokil Initial by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 5,155,193 shares of the company’s stock worth $147,490,000 after purchasing an additional 528,409 shares during the period. Brown Advisory Inc. boosted its holdings in shares of Rentokil Initial by 2.1% in the fourth quarter. Brown Advisory Inc. now owns 3,884,020 shares of the company’s stock worth $111,122,000 after buying an additional 81,134 shares during the last quarter. Norges Bank purchased a new position in shares of Rentokil Initial in the fourth quarter worth approximately $77,547,000. Finally, Schroder Investment Management Group grew its position in Rentokil Initial by 13.8% during the fourth quarter. Schroder Investment Management Group now owns 2,025,479 shares of the company’s stock valued at $57,949,000 after buying an additional 246,253 shares during the period. Hedge funds and other institutional investors 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.