Rentokil Initial PLC (NYSE:RTO) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its position in shares of Rentokil Initial PLC (NYSE:RTO) by 18.2% during the first quarter, Holdings Channel reports. The firm owned 8,821 shares of the company’s stock after selling 1,964 shares during the quarter. M&T Bank Corp’s holdings in Rentokil Initial were worth $202,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealthquest Corp acquired a new position in Rentokil Initial during the first quarter worth $66,000. Russell Investments Group Ltd. lifted its stake in Rentokil Initial by 63.9% during the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company’s stock worth $83,000 after purchasing an additional 1,281 shares in the last quarter. Versant Capital Management Inc acquired a new position in Rentokil Initial during the first quarter worth $143,000. GAMMA Investing LLC lifted its stake in Rentokil Initial by 996.0% during the first quarter. GAMMA Investing LLC now owns 9,206 shares of the company’s stock worth $211,000 after purchasing an additional 8,366 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in Rentokil Initial during the fourth quarter worth $246,000. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Rentokil Initial Stock Up 2.0%

Shares of NYSE RTO opened at $23.82 on Friday. The stock has a market cap of $12.03 billion, a P/E ratio of 15.77 and a beta of 0.94. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $34.07. The business’s fifty day simple moving average is $23.61 and its 200-day simple moving average is $23.63.

Analyst Ratings Changes

Separately, Sanford C. Bernstein cut Rentokil Initial from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Rentokil Initial currently has a consensus rating of “Moderate Buy”.

About Rentokil Initial

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.