Goldman Sachs Group Inc. Sells 110,778 Shares of Rentokil Initial plc (NYSE:RTO)

Goldman Sachs Group Inc. reduced its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 13.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 717,264 shares of the company’s stock after selling 110,778 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.14% of Rentokil Initial worth $20,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in RTO. Norges Bank bought a new stake in Rentokil Initial in the 4th quarter valued at $77,547,000. Gates Capital Management Inc. boosted its stake in Rentokil Initial by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 5,155,193 shares of the company’s stock valued at $147,490,000 after purchasing an additional 528,409 shares during the period. Motley Fool Wealth Management LLC bought a new stake in Rentokil Initial in the 4th quarter valued at $12,490,000. Motley Fool Asset Management LLC bought a new stake in Rentokil Initial in the 4th quarter valued at $8,726,000. Finally, Schroder Investment Management Group boosted its stake in Rentokil Initial by 13.8% in the 4th quarter. Schroder Investment Management Group now owns 2,025,479 shares of the company’s stock valued at $57,949,000 after purchasing an additional 246,253 shares during the period. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RTO shares. BNP Paribas upgraded Rentokil Initial from a “neutral” rating to an “outperform” rating in a research note on Monday, March 18th. JPMorgan Chase & Co. assumed coverage on Rentokil Initial in a research note on Tuesday, April 23rd. They issued a “neutral” rating for the company.

Rentokil Initial Trading Up 0.7 %

NYSE:RTO opened at $29.77 on Wednesday. The stock has a fifty day moving average price of $27.29 and a 200-day moving average price of $27.72. Rentokil Initial plc has a fifty-two week low of $23.39 and a fifty-two week high of $41.55.

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.