Rentokil Initial (NYSE:RTO) Upgraded at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Rentokil Initial (NYSE:RTO) from a sell rating to a neutral rating in a report released on Wednesday, MarketBeat Ratings reports.

A number of other brokerages have also recently issued reports on RTO. JPMorgan Chase & Co. restated an “overweight” rating on shares of Rentokil Initial in a research note on Friday, November 21st. Morgan Stanley upgraded shares of Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research report on Thursday, January 22nd. Finally, Oppenheimer lifted their price objective on Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Stock Down 0.8%

Shares of NYSE RTO opened at $32.33 on Wednesday. Rentokil Initial has a one year low of $19.60 and a one year high of $33.47. The business has a fifty day simple moving average of $31.56 and a 200 day simple moving average of $28.59. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.12.

Rentokil Initial Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 19th. Investors of record on Friday, April 10th will be given a dividend of $0.412 per share. The ex-dividend date is Friday, April 10th. This represents a yield of 266.0%.

Institutional Investors Weigh In On Rentokil Initial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RTO. Pullen Investment Management LLC lifted its position in shares of Rentokil Initial by 0.7% during the third quarter. Pullen Investment Management LLC now owns 48,758 shares of the company’s stock worth $1,231,000 after purchasing an additional 359 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of Rentokil Initial by 2.0% in the third quarter. Vestmark Advisory Solutions Inc. now owns 21,228 shares of the company’s stock valued at $536,000 after purchasing an additional 414 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Rentokil Initial by 5.4% in the fourth quarter. Evergreen Capital Management LLC now owns 10,425 shares of the company’s stock valued at $307,000 after purchasing an additional 531 shares in the last quarter. GAMMA Investing LLC raised its position in Rentokil Initial by 76.5% in the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after purchasing an additional 534 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Rentokil Initial by 2.6% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 24,151 shares of the company’s stock worth $711,000 after buying an additional 619 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Company Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.