Independent Franchise Partners LLP Sells 65,846 Shares of Rentokil Initial PLC $RTO

Independent Franchise Partners LLP lessened its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 39.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,155 shares of the company’s stock after selling 65,846 shares during the quarter. Rentokil Initial accounts for approximately 0.0% of Independent Franchise Partners LLP’s portfolio, making the stock its 25th largest position. Independent Franchise Partners LLP’s holdings in Rentokil Initial were worth $2,452,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of RTO. IFP Advisors Inc raised its stake in shares of Rentokil Initial by 115.5% during the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $31,000 after purchasing an additional 687 shares during the period. Sit Investment Associates Inc. lifted its holdings in Rentokil Initial by 3.7% during the first quarter. Sit Investment Associates Inc. now owns 22,065 shares of the company’s stock valued at $505,000 after purchasing an additional 787 shares during the last quarter. Keystone Financial Services boosted its position in Rentokil Initial by 7.9% during the second quarter. Keystone Financial Services now owns 12,292 shares of the company’s stock worth $295,000 after purchasing an additional 900 shares during the period. Parallel Advisors LLC boosted its holdings in Rentokil Initial by 416.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after buying an additional 913 shares during the period. Finally, Cape Investment Advisory Inc. grew its stake in Rentokil Initial by 67.4% in the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock valued at $58,000 after buying an additional 1,014 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a research report on Wednesday, October 8th. Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 7th. Berenberg Bank raised shares of Rentokil Initial to a “strong sell” rating in a report on Monday, September 29th. Jefferies Financial Group upgraded Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rentokil Initial in a research report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Down 0.6%

Shares of Rentokil Initial stock opened at $27.69 on Wednesday. The firm’s 50-day moving average is $26.90 and its 200 day moving average is $25.11. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $30.10.

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.