Berenberg Bank Upgrades Rentokil Initial (NYSE:RTO) to Strong Sell

Rentokil Initial (NYSE:RTO) was upgraded by analysts at Berenberg Bank to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Rentokil Initial Stock Up 2.2%

NYSE RTO opened at $25.25 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average of $24.62 and a two-hundred day moving average of $23.65. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 4.30 and a beta of 0.94. Rentokil Initial has a 52 week low of $19.60 and a 52 week high of $27.37.

Institutional Trading of Rentokil Initial

A number of large investors have recently made changes to their positions in RTO. GAMMA Investing LLC boosted its stake in shares of Rentokil Initial by 996.0% during the first quarter. GAMMA Investing LLC now owns 9,206 shares of the company’s stock valued at $211,000 after purchasing an additional 8,366 shares during the period. Veracity Capital LLC boosted its stake in shares of Rentokil Initial by 9.5% during the first quarter. Veracity Capital LLC now owns 25,070 shares of the company’s stock valued at $574,000 after purchasing an additional 2,184 shares during the period. Park Avenue Securities LLC lifted its stake in Rentokil Initial by 35.7% in the first quarter. Park Avenue Securities LLC now owns 11,653 shares of the company’s stock worth $267,000 after acquiring an additional 3,063 shares during the period. Pullen Investment Management LLC purchased a new stake in Rentokil Initial in the first quarter worth about $1,114,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Rentokil Initial by 44.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,930 shares of the company’s stock worth $296,000 after acquiring an additional 3,993 shares during the period. 9.91% of the stock is owned by hedge funds and other institutional investors.

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.