Rentokil Initial (NYSE:RTO) received a “hold (C-)” rating from Weiss Ratings in a report released on Wednesday. This designation reflects the firm’s assessment of the company’s stock performance within the current market context. Several other research institutions have also recently reviewed Rentokil Initial’s stock, indicating varied perspectives on its future prospects.
In a research note published on Tuesday, Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to an “outperform” rating. Conversely, Berenberg Bank issued a “strong sell” rating in a note on September 29. Meanwhile, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on July 21. Currently, one analyst rates the stock as a Strong Buy, two as Buy, one as Hold, and one as Sell. According to data from MarketBeat.com, Rentokil Initial holds an average rating of “Moderate Buy.”
Rentokil Initial’s stock opened at $27.84 on Wednesday and saw a slight increase of 0.9% during trading. The company boasts a market capitalization of $14.06 billion, a price-to-earnings (P/E) ratio of 18.44, a price-to-earnings growth (PEG) ratio of 4.80, and a beta of 0.95. The stock’s fifty-day simple moving average stands at $24.90, while its two-hundred-day simple moving average is $23.83. Over the past twelve months, the stock has fluctuated between a low of $19.60 and a high of $27.96.
Investor Activity and Holdings
Recent trading activity has seen a significant shift among large investors regarding their holdings in Rentokil Initial. Parallel Advisors LLC increased its stake in the company by an impressive 416.9% during the second quarter, now owning 1,132 shares valued at approximately $27,000 after acquiring an additional 913 shares. Similarly, IFP Advisors Inc. raised its position by 115.5%, bringing its total to 1,282 shares worth around $31,000 following a purchase of 687 shares.
The Brooklyn Investment Group reported a dramatic increase of 668.3% in its holdings during the first quarter, now owning 1,598 shares valued at $37,000 after acquiring 1,390 shares. Additionally, the State of Wyoming made a new acquisition, purchasing shares worth approximately $46,000. Cape Investment Advisory Inc. also increased its holdings by 67.4%, now owning 2,519 shares worth $58,000 after acquiring an additional 1,014 shares. As a result, institutional investors and hedge funds currently own about 9.91% of the company’s stock.
About Rentokil Initial
Rentokil Initial plc operates globally, providing route-based services across North America, the United Kingdom, Europe, Asia, and the Pacific. The company specializes in pest control services targeting rodents and various insects, along with wildlife management solutions tailored for commercial clients.
The combination of recent ratings adjustments and significant investments underscores the dynamic nature of Rentokil Initial’s market presence as analysts and investors continue to assess its potential in a competitive landscape.
