Rentokil Initial (NYSE:RTO) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Rentokil Initial (NYSE:RTO) from a hold rating to a buy rating in a research note published on Monday morning, MarketBeat reports.

Other research analysts also recently issued research reports about the company. Morgan Stanley downgraded Rentokil Initial from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, September 29th. Weiss Ratings downgraded Rentokil Initial from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. The Goldman Sachs Group upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Monday, July 6th. BNP Paribas Exane lowered shares of Rentokil Initial from an “outperform” rating to a “neutral” rating and set a $26.70 price target for the company. in a research report on Friday, July 31st. Finally, Wall Street Zen cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.90.

Rentokil Initial Stock Down 0.6%

RTO opened at $19.83 on Monday. The firm’s 50 day simple moving average is $22.72 and its two-hundred day simple moving average is $28.18. Rentokil Initial has a 1-year low of $19.50 and a 1-year high of $34.67. The company has a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 0.65.

Rentokil Initial Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 22nd. Investors of record on Friday, August 14th were given a dividend of $0.2240 per share. This is a negative change from Rentokil Initial’s previous dividend of $0.4120. This represents a dividend yield of 188.0%. The ex-dividend date was Friday, August 14th.

Institutional Trading of Rentokil Initial

A number of institutional investors and hedge funds have recently bought and sold shares of RTO. Janus Henderson Group PLC increased its holdings in shares of Rentokil Initial by 3.0% in the first quarter. Janus Henderson Group PLC now owns 16,591,965 shares of the company’s stock worth $522,329,000 after purchasing an additional 490,885 shares during the last quarter. Bank of America Corp DE increased its stake in Rentokil Initial by 60.7% in the 1st quarter. Bank of America Corp DE now owns 6,650,998 shares of the company’s stock worth $209,373,000 after acquiring an additional 2,511,135 shares during the last quarter. Assetmark Inc. increased its stake in Rentokil Initial by 29.0% in the 1st quarter. Assetmark Inc. now owns 837,035 shares of the company’s stock worth $26,350,000 after acquiring an additional 188,190 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Rentokil Initial by 5.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 816,863 shares of the company’s stock worth $24,065,000 after acquiring an additional 40,024 shares in the last quarter. Finally, Liberty One Investment Management LLC raised its holdings in shares of Rentokil Initial by 7.7% during the 1st quarter. Liberty One Investment Management LLC now owns 625,994 shares of the company’s stock worth $19,706,000 after acquiring an additional 44,823 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Company Profile

Rentokil Initial plc is a business services company specializing in pest control, hygiene, and related workplace services. Through brands including Rentokil, Terminix, Initial, and Ambius, it provides commercial and residential pest management, washroom hygiene, restroom services, interior landscaping, and other solutions designed to support healthier, safer, and more productive environments.

The company serves customers across a broad range of industries, including healthcare, hospitality, food service, manufacturing, retail, and property management.