JPMorgan Chase & Co. Initiates Coverage on Rentokil Initial (NYSE:RTO)

JPMorgan Chase & Co. assumed coverage on shares of Rentokil Initial (NYSE:RTO) in a report issued on Tuesday, StockNewsAPI reports. The brokerage set a “neutral” rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. BNP Paribas raised shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 18th. Bank of America downgraded Rentokil Initial from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $40.00 to $29.00 in a research note on Wednesday, January 24th.

Rentokil Initial Stock Up 1.3 %

NYSE:RTO opened at $26.80 on Tuesday. The business’s 50 day moving average is $28.95 and its two-hundred day moving average is $28.35. Rentokil Initial has a 52 week low of $23.39 and a 52 week high of $41.55.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Iridian Asset Management LLC CT raised its stake in shares of Rentokil Initial by 151.0% during the fourth quarter. Iridian Asset Management LLC CT now owns 247,130 shares of the company’s stock valued at $7,070,000 after purchasing an additional 148,656 shares in the last quarter. FMR LLC lifted its stake in shares of Rentokil Initial by 6.9% in the 3rd quarter. FMR LLC now owns 923,730 shares of the company’s stock worth $34,224,000 after acquiring an additional 60,018 shares during the period. Brown Advisory Inc. increased its stake in shares of Rentokil Initial by 3.2% during the third quarter. Brown Advisory Inc. now owns 3,802,886 shares of the company’s stock valued at $140,897,000 after acquiring an additional 116,496 shares during the period. Natixis Advisors L.P. increased its stake in shares of Rentokil Initial by 7.9% during the third quarter. Natixis Advisors L.P. now owns 14,967 shares of the company’s stock valued at $555,000 after acquiring an additional 1,097 shares during the period. Finally, Whittier Trust Co. lifted its position in Rentokil Initial by 17.8% in the fourth quarter. Whittier Trust Co. now owns 7,538 shares of the company’s stock worth $216,000 after purchasing an additional 1,141 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

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.