Townsquare Capital LLC Lowers Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Townsquare Capital LLC lowered its stake in Rentokil Initial plc (NYSE:RTO) by 33.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,888 shares of the company’s stock after selling 17,791 shares during the period. Townsquare Capital LLC’s holdings in Rentokil Initial were worth $870,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rothschild Investment LLC acquired a new position in Rentokil Initial in the 2nd quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new position in shares of Rentokil Initial during the third quarter worth about $29,000. Northwestern Mutual Wealth Management Co. raised its holdings in Rentokil Initial by 403.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after purchasing an additional 843 shares in the last quarter. Assetmark Inc. acquired a new stake in Rentokil Initial in the third quarter valued at about $36,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Rentokil Initial in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic cut Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Rentokil Initial has an average rating of “Hold” and an average target price of $29.00.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $25.93 on Tuesday. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week high of $34.07. The firm has a 50-day moving average price of $25.15 and a 200 day moving average price of $27.88. 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 Company 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.