Rentokil Initial plc (NYSE:RTO) Stock Position Boosted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of Rentokil Initial plc (NYSE:RTO) by 403.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,052 shares of the company’s stock after buying an additional 843 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Rentokil Initial were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in Rentokil Initial by 0.7% during the first quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company’s stock worth $486,610,000 after purchasing an additional 105,248 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Rentokil Initial by 5.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company’s stock worth $60,768,000 after buying an additional 109,561 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Rentokil Initial by 130.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after buying an additional 1,041,860 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Rentokil Initial by 345,196.7% in the first quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock valued at $47,056,000 after buying an additional 1,560,289 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Rentokil Initial by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock valued at $23,701,000 after buying an additional 101,090 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RTO shares. UBS Group raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Barclays raised Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Finally, Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to a “market perform” rating in a research report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.00.

Rentokil Initial Stock Down 0.4 %

Shares of RTO opened at $23.37 on Monday. The company has a 50-day moving average of $28.25 and a two-hundred day moving average of $28.44. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a one year low of $23.33 and a one year high of $37.37.

Rentokil Initial Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 17th. Shareholders of record on Friday, August 9th were given a dividend of $0.2034 per share. This represents a yield of 1.7%. The ex-dividend date was Friday, August 9th.

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.