Shares of Rentokil Initial PLC (NYSE:RTO - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $23.04, but opened at $25.14. Rentokil Initial shares last traded at $25.02, with a volume of 312,760 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Sanford C. Bernstein cut shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research note on Monday, July 21st.
Read Our Latest Stock Report on Rentokil Initial
Rentokil Initial Stock Up 9.1%
The company's 50-day moving average is $23.76 and its 200 day moving average is $23.61. The company has a market capitalization of $12.70 billion, a PE ratio of 16.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.72 and a current ratio of 0.81.
Hedge Funds Weigh In On Rentokil Initial
Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in Rentokil Initial by 23.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 777,926 shares of the company's stock worth $17,815,000 after acquiring an additional 149,599 shares during the period. Norges Bank bought a new stake in Rentokil Initial during the 4th quarter worth approximately $1,332,000. Gates Capital Management Inc. raised its stake in Rentokil Initial by 21.0% during the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock worth $158,453,000 after acquiring an additional 1,084,845 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Rentokil Initial by 5.2% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 228,697 shares of the company's stock worth $5,237,000 after acquiring an additional 11,236 shares during the period. Finally, Cetera Investment Advisers raised its stake in Rentokil Initial by 277.4% during the 4th quarter. Cetera Investment Advisers now owns 32,661 shares of the company's stock worth $827,000 after acquiring an additional 24,006 shares during the period. Institutional investors own 9.91% of the company's stock.
Rentokil Initial Company Profile
(
Get Free Report)
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.
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