Rentokil Initial (NYSE:RTO) Shares Gap Down – Here’s What Happened

Rentokil Initial plc (NYSE:RTO) gapped down prior to trading on Friday . The stock had previously closed at $25.71, but opened at $25.05. Rentokil Initial shares last traded at $25.28, with a volume of 100,754 shares traded.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic cut Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rentokil Initial currently has an average rating of “Hold” and an average price target of $29.00.

Rentokil Initial Trading Down 1.1 %

The stock’s 50 day moving average is $25.09 and its 200 day moving average is $27.89. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Institutional Trading of Rentokil Initial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in Rentokil Initial during the second quarter worth about $29,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after purchasing an additional 843 shares during the last quarter. Valley Wealth Managers Inc. bought a new stake in shares of Rentokil Initial in the 3rd quarter worth approximately $29,000. GPS Wealth Strategies Group LLC acquired a new stake in Rentokil Initial during the second quarter valued at approximately $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in Rentokil Initial during the second quarter valued at approximately $40,000. Institutional investors own 9.91% of the company’s stock.

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.