Vestmark Advisory Solutions Inc. Has $500,000 Position in Rentokil Initial PLC $RTO

Vestmark Advisory Solutions Inc. lessened its holdings in Rentokil Initial PLC (NYSE:RTO) by 42.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 20,814 shares of the company’s stock after selling 15,182 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Rentokil Initial were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of Rentokil Initial by 416.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after acquiring an additional 913 shares in the last quarter. IFP Advisors Inc lifted its stake in Rentokil Initial by 115.5% during the second 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. Brooklyn Investment Group boosted its holdings in Rentokil Initial by 668.3% during the first quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock valued at $37,000 after purchasing an additional 1,390 shares in the last quarter. State of Wyoming bought a new stake in shares of Rentokil Initial in the 1st quarter valued at approximately $46,000. Finally, Cape Investment Advisory Inc. raised its holdings in shares of Rentokil Initial by 67.4% in the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock worth $58,000 after buying an additional 1,014 shares in the last quarter. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Stock Performance

Shares of NYSE:RTO opened at $26.70 on Wednesday. Rentokil Initial PLC has a twelve month low of $19.60 and a twelve month high of $30.10. The business has a fifty day moving average of $26.35 and a 200-day moving average of $24.74.

Wall Street Analyst Weigh In

Several brokerages recently commented on RTO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Monday, July 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a research note 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 upgraded shares of Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Finally, Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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.