Rentokil Initial plc (NYSE:RTO) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its stake in shares of Rentokil Initial plc (NYSE:RTO) by 57.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,848 shares of the company’s stock after selling 78,806 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Rentokil Initial were worth $1,442,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares during the last quarter. Anthracite Investment Company Inc. grew its position in shares of Rentokil Initial by 211.3% in the third quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock valued at $5,345,000 after purchasing an additional 145,528 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Rentokil Initial by 165.8% during the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock worth $1,386,000 after purchasing an additional 34,687 shares in the last quarter. Veracity Capital LLC acquired a new position in shares of Rentokil Initial during the 3rd quarter worth about $644,000. Finally, Janus Henderson Group PLC lifted its stake in Rentokil Initial by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after buying an additional 617,227 shares in the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Rentokil Initial Trading Up 3.3 %

Shares of NYSE RTO opened at $26.35 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 12-month low of $22.40 and a 12-month high of $34.07. The company has a 50-day moving average of $25.39 and a 200 day moving average of $27.83.

About Rentokil Initial

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.