Sanctuary Advisors LLC Reduces Holdings in Rentokil Initial plc (NYSE:RTO)

Sanctuary Advisors LLC trimmed its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 68.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,123 shares of the company’s stock after selling 20,211 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rentokil Initial were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RTO. Truist Financial Corp boosted its position in Rentokil Initial by 2.6% during the second quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock valued at $475,000 after purchasing an additional 401 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Rentokil Initial by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock valued at $43,000 after purchasing an additional 402 shares during the last quarter. Signaturefd LLC lifted its holdings in Rentokil Initial by 3.4% in the second quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock valued at $365,000 after acquiring an additional 406 shares during the period. SYSTM Wealth Solutions LLC grew its position in Rentokil Initial by 19.1% during the second quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock valued at $140,000 after buying an additional 759 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Stock Down 0.9 %

Shares of Rentokil Initial stock opened at $25.38 on Monday. The company has a fifty day moving average price of $25.77 and a 200 day moving average price of $27.71. 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. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 7.23 and a beta of 1.08.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RTO. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Rentokil Initial has an average rating of “Moderate Buy” and a consensus price target of $29.00.

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.