Citigroup Inc. Decreases Holdings in Rentokil Initial plc (NYSE:RTO)

Citigroup Inc. cut its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 4.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 148,220 shares of the company’s stock after selling 6,952 shares during the quarter. Citigroup Inc.’s holdings in Rentokil Initial were worth $3,695,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RTO. Rothschild Investment LLC purchased a new position in shares of Rentokil Initial in the second quarter worth $29,000. Valley Wealth Managers Inc. purchased a new position in shares of Rentokil Initial in the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after buying an additional 843 shares during the period. Assetmark Inc. purchased a new position in shares of Rentokil Initial in the third quarter worth $36,000. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Rentokil Initial in the second quarter worth $38,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Rentokil Initial Trading Up 1.1 %

NYSE:RTO opened at $26.10 on Thursday. The firm’s fifty day simple moving average is $25.18 and its 200 day simple moving average is $27.86. Rentokil Initial plc has a twelve month low of $22.40 and a twelve month high of $34.07. 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 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.