Rentokil Initial PLC (NYSE:RTO) Stock Rated “Hold” by Sell-Side Analysts

Rentokil Initial PLC (NYSE:RTO) has earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $31.90.

A number of equities research analysts have recently weighed in on RTO shares. Weiss Ratings lowered shares of Rentokil Initial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, October 13th. Investec raised Rentokil Initial to a “buy” rating in a report on Wednesday, September 23rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Monday, October 5th. BNP Paribas Exane downgraded shares of Rentokil Initial from an “outperform” rating to a “neutral” rating and set a $26.70 price target for the company. in a report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Rentokil Initial in a research note on Monday, August 3rd.

Rentokil Initial Price Performance

Shares of NYSE:RTO opened at $21.22 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.65. Rentokil Initial has a 1 year low of $19.50 and a 1 year high of $34.67. The firm’s 50-day moving average is $22.13 and its two-hundred day moving average is $27.59.

Rentokil Initial Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Friday, August 14th were given a $0.2240 dividend. This represents a yield of 188.0%. The ex-dividend date of this dividend was Friday, August 14th. This is a decrease from Rentokil Initial’s previous dividend of $0.4120.

Institutional Trading of Rentokil Initial

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Rentokil Initial by 60.7% in the 1st quarter. Bank of America Corp DE now owns 6,650,998 shares of the company’s stock worth $209,373,000 after buying an additional 2,511,135 shares during the last quarter. Janus Henderson Group PLC raised its position in Rentokil Initial by 3.0% in the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock worth $522,329,000 after acquiring an additional 490,885 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Rentokil Initial by 29.0% during the 1st quarter. Assetmark Inc. now owns 837,035 shares of the company’s stock worth $26,350,000 after acquiring an additional 188,190 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Rentokil Initial by 54.3% during the first quarter. Quantinno Capital Management LP now owns 268,673 shares of the company’s stock valued at $8,458,000 after acquiring an additional 94,519 shares during the period. Finally, Royal Bank of Canada lifted its stake in Rentokil Initial by 87.6% in the 1st quarter. Royal Bank of Canada now owns 197,383 shares of the company’s stock worth $6,213,000 after acquiring an additional 92,149 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Company Profile

Rentokil Initial plc (NYSE:RTO) is a business services company headquartered in the United Kingdom. It provides pest control, hygiene, and workplace services to commercial, public-sector, and residential customers. Its offerings are designed to help organizations manage pests, maintain sanitary environments, and support health, safety, and workplace standards.

The company’s pest control services address insects, rodents, and other pests, while its hygiene operations provide washroom services, sanitary products, air care, floor-care solutions, and related workplace services.