Rentokil Initial PLC $RTO Stock Holdings Lessened by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in shares of Rentokil Initial PLC (NYSE:RTO) by 29.2% in the second quarter, Holdings Channel.com reports. The fund owned 705,828 shares of the company’s stock after selling 290,991 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Rentokil Initial were worth $16,940,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Parallel Advisors LLC raised its position in shares of Rentokil Initial by 416.9% during the second quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after purchasing an additional 913 shares during the period. IFP Advisors Inc boosted its position in shares of Rentokil Initial by 115.5% in the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $31,000 after purchasing an additional 687 shares during the period. Brooklyn Investment Group increased its stake in Rentokil Initial by 668.3% in the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock worth $37,000 after purchasing an additional 1,390 shares in the last quarter. State of Wyoming acquired a new stake in Rentokil Initial during the 1st quarter worth about $46,000. Finally, Cape Investment Advisory Inc. raised its holdings in Rentokil Initial by 67.4% during the 1st quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock worth $58,000 after buying an additional 1,014 shares during the period. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Stock Down 0.2%

Shares of RTO opened at $26.26 on Wednesday. The company’s 50 day moving average price is $26.46 and its 200 day moving average price is $24.86. Rentokil Initial PLC has a 52 week low of $19.60 and a 52 week high of $30.10.

Analyst Ratings Changes

RTO has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a report on Wednesday, October 8th. Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to an “outperform” rating in a research report on Tuesday, October 7th. Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Wednesday, October 8th. Finally, Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rentokil Initial 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.