UBS Group AG Reduces Stake in Rentokil Initial PLC $RTO

UBS Group AG lowered its position in Rentokil Initial PLC (NYSE:RTOFree Report) by 76.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,368 shares of the company’s stock after selling 373,028 shares during the period. UBS Group AG’s holdings in Rentokil Initial were worth $3,340,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RTO. Jane Street Group LLC raised its position in shares of Rentokil Initial by 292.0% in the 1st quarter. Jane Street Group LLC now owns 117,341 shares of the company’s stock worth $2,687,000 after acquiring an additional 87,405 shares in the last quarter. Creative Planning bought a new stake in shares of Rentokil Initial in the second quarter worth approximately $393,000. JPMorgan Chase & Co. grew its position in Rentokil Initial by 2,549.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 93,165 shares of the company’s stock worth $2,236,000 after purchasing an additional 89,649 shares during the period. Russell Investments Group Ltd. increased its position in Rentokil Initial by 40.0% during the second quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock valued at $110,000 after acquiring an additional 1,309 shares during the last quarter. Finally, M&T Bank Corp increased its position in Rentokil Initial by 19.7% during the second quarter. M&T Bank Corp now owns 10,557 shares of the company’s stock valued at $253,000 after acquiring an additional 1,736 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RTO shares. Wall Street Zen cut Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Zacks Research raised shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Rothschild & Co Redburn upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Oppenheimer upped their price objective on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 10th. Finally, UBS Group raised Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.50.

Get Our Latest Stock Analysis on RTO

Rentokil Initial Stock Performance

RTO opened at $31.38 on Monday. The stock’s 50 day moving average price is $32.66 and its 200-day moving average price is $30.88. Rentokil Initial PLC has a one year low of $22.72 and a one year high of $34.67. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76.

Rentokil Initial Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 19th. Stockholders of record on Friday, April 10th were paid a dividend of $0.412 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a dividend yield of 245.0%.

About Rentokil Initial

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rentokil Initial (NYSE:RTO)

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