Rentokil Initial (NYSE:RTO) Shares Gap Up - What's Next?

Key Points

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Shares of Rentokil Initial PLC (NYSE:RTO - Get Free Report) gapped up before the market opened 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.

Analysts Set New Price Targets

Several brokerages have commented on RTO. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a report on Monday, July 21st. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th.

Rentokil Initial Stock Down 1.5%

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 market capitalization of $11.80 billion, a price-to-earnings ratio of 15.47 and a beta of 0.92. The stock's fifty day moving average price is $23.79 and its 200-day moving average price is $23.62.

Institutional Trading of Rentokil Initial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in shares of Rentokil Initial by 115.5% in the second 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 last quarter. MML Investors Services LLC increased its holdings in Rentokil Initial by 0.8% during the fourth quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock worth $2,296,000 after buying an additional 704 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in Rentokil Initial by 3.7% during the first quarter. Sit Investment Associates Inc. now owns 22,065 shares of the company's stock worth $505,000 after buying an additional 787 shares during the last quarter. Parallel Advisors LLC increased its holdings in 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 buying an additional 913 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in Rentokil Initial by 8.0% during the first quarter. Whittier Trust Co. now owns 13,043 shares of the company's stock worth $299,000 after buying an additional 967 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

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.