Stifel Nicolaus upgraded shares of Rentokil Initial (NYSE:RTO – Free Report) from a hold rating to a buy rating in a research note released on Monday, MarketBeat reports.
Several other research analysts also recently issued reports on the company. Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Morgan Stanley cut Rentokil Initial from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Rentokil Initial in a research note on Monday, August 3rd. 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. Finally, BNP Paribas Exane lowered shares of Rentokil Initial from an “outperform” rating to a “neutral” rating and set a $26.70 target price on the stock. in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Rentokil Initial presently has an average rating of “Moderate Buy” and a consensus price target of $31.90.
View Our Latest Stock Report on Rentokil Initial
Rentokil Initial Trading Up 0.6%
Rentokil Initial Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Friday, August 14th were given a dividend of $0.2240 per share. This is a decrease from Rentokil Initial’s previous dividend of $0.4120. This represents a dividend yield of 188.0%. The ex-dividend date of this dividend was Friday, August 14th.
Institutional Investors Weigh In On Rentokil Initial
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC raised its holdings in shares of Rentokil Initial by 84.5% in the first quarter. V Square Quantitative Management LLC now owns 1,395 shares of the company’s stock valued at $44,000 after purchasing an additional 639 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Rentokil Initial in the second quarter valued at $42,000. Integrated Wealth Concepts LLC bought a new position in shares of Rentokil Initial in the 2nd quarter valued at about $57,000. Parallel Advisors LLC increased its stake in shares of Rentokil Initial by 50.5% during the 1st quarter. Parallel Advisors LLC now owns 2,107 shares of the company’s stock worth $66,000 after purchasing an additional 707 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in Rentokil Initial during the first quarter worth approximately $83,000. Institutional investors and hedge funds own 9.91% of the company’s stock.
About Rentokil Initial
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.
Further Reading
- Five stocks we like better than Rentokil Initial
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for Rentokil Initial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rentokil Initial and related companies with MarketBeat.com's FREE daily email newsletter.
