Summitry LLC Invests $27.54 Million in Rentokil Initial PLC $RTO

Summitry LLC purchased a new position in Rentokil Initial PLC (NYSE:RTO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,147,455 shares of the company’s stock, valued at approximately $27,539,000. Summitry LLC owned 0.23% of Rentokil Initial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arlington Partners LLC bought a new position in Rentokil Initial in the 2nd quarter valued at about $1,639,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Rentokil Initial during the 2nd quarter worth approximately $1,482,000. Bank of Montreal Can boosted its position in shares of Rentokil Initial by 557.8% during the 2nd quarter. Bank of Montreal Can now owns 759,854 shares of the company’s stock worth $18,236,000 after acquiring an additional 644,341 shares in the last quarter. Stanley Capital Management LLC bought a new position in Rentokil Initial in the first quarter valued at approximately $4,580,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Rentokil Initial in the second quarter valued at approximately $317,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to an “outperform” rating in a research note on Tuesday, October 7th. Jefferies Financial Group upgraded Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. Zacks Research raised Rentokil Initial from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Berenberg Bank raised shares of Rentokil Initial to a “strong sell” rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rentokil Initial Stock Down 0.4%

Shares of RTO opened at $26.44 on Friday. The stock’s 50-day moving average price is $26.44 and its two-hundred day moving average price is $24.80. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $30.10.

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.