Nichols & Pratt Advisers LLP MA Purchases 49,340 Shares of Rentokil Initial plc (NYSE:RTO)

Nichols & Pratt Advisers LLP MA increased its holdings in Rentokil Initial plc (NYSE:RTO) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 665,984 shares of the company’s stock after purchasing an additional 49,340 shares during the period. Rentokil Initial makes up about 1.3% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 25th largest position. Nichols & Pratt Advisers LLP MA owned about 0.13% of Rentokil Initial worth $19,746,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Rentokil Initial by 81.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock valued at $29,000 after purchasing an additional 434 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Rentokil Initial during the fourth quarter worth $34,000. GPS Wealth Strategies Group LLC bought a new position in Rentokil Initial during the second quarter valued at $38,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Rentokil Initial in the first quarter valued at $47,000. Finally, Principal Securities Inc. bought a new stake in shares of Rentokil Initial in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Price Performance

Rentokil Initial stock traded up $0.35 during trading hours on Friday, hitting $32.55. The company had a trading volume of 150,465 shares, compared to its average volume of 629,427. The company has a 50-day moving average price of $30.44 and a two-hundred day moving average price of $28.83. Rentokil Initial plc has a 1 year low of $23.39 and a 1 year high of $38.43.

Rentokil Initial Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 17th. Investors of record on Friday, August 9th will be paid a $0.2034 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a yield of 1.7%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Barclays upgraded Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Finally, UBS Group upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.00.

About Rentokil Initial

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.