Rentokil Initial plc (NYSE:RTO) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,561,543 shares of the company’s stock after selling 277,592 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.31% of Rentokil Initial worth $38,929,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. CWM LLC lifted its stake in Rentokil Initial by 7.4% during the second quarter. CWM LLC now owns 5,551 shares of the company’s stock valued at $165,000 after purchasing an additional 382 shares during the last quarter. Truist Financial Corp lifted its stake 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 during the last quarter. Signaturefd LLC lifted its stake in Rentokil Initial by 3.4% during the second quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock valued at $365,000 after purchasing an additional 406 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its stake 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 purchasing an additional 759 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Rentokil Initial by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,258 shares of the company’s stock valued at $779,000 after purchasing an additional 811 shares during the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Stock Down 1.1 %

RTO stock opened at $25.71 on Friday. Rentokil Initial plc has a 52-week low of $22.40 and a 52-week high of $34.07. The company’s 50 day simple moving average is $25.09 and its 200-day simple moving average is $27.89. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The firm has a market capitalization of $12.98 billion, a P/E ratio of 18.11, a P/E/G ratio of 7.24 and a beta of 1.09.

Analyst Ratings Changes

Separately, Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $29.00.

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.