Rentokil Initial (NYSE:RTO) Coverage Initiated at JPMorgan Chase & Co.

Research analysts at JPMorgan Chase & Co. began coverage on shares of Rentokil Initial (NYSE:RTO) in a note issued to investors on Tuesday, StockNewsAPI reports. The brokerage set a “neutral” rating on the stock.

Several other research analysts also recently commented on RTO. BNP Paribas raised shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a report on Monday, March 18th. Bank of America lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $29.00 in a research report on Wednesday, January 24th.

Rentokil Initial Stock Down 0.3 %

RTO stock opened at $26.66 on Tuesday. The stock’s 50 day simple moving average is $28.99 and its 200 day simple moving average is $28.27. Rentokil Initial has a 12-month low of $23.39 and a 12-month high of $41.55.

Hedge Funds Weigh In On Rentokil Initial

Several institutional investors and hedge funds have recently bought and sold shares of RTO. Gates Capital Management Inc. grew its position in shares of Rentokil Initial by 11.4% in the 4th quarter. Gates Capital Management Inc. now owns 5,155,193 shares of the company’s stock valued at $147,490,000 after buying an additional 528,409 shares during the last quarter. Brown Advisory Inc. boosted its stake in Rentokil Initial by 2.1% during the 4th quarter. Brown Advisory Inc. now owns 3,884,020 shares of the company’s stock worth $111,122,000 after purchasing an additional 81,134 shares during the period. Norges Bank acquired a new stake in Rentokil Initial during the 4th quarter worth $77,547,000. Schroder Investment Management Group boosted its stake in Rentokil Initial by 13.8% during the 4th quarter. Schroder Investment Management Group now owns 2,025,479 shares of the company’s stock worth $57,949,000 after purchasing an additional 246,253 shares during the period. Finally, FMR LLC boosted its stake in Rentokil Initial by 6.9% during the 3rd quarter. FMR LLC now owns 923,730 shares of the company’s stock worth $34,224,000 after purchasing an additional 60,018 shares during the period. 9.91% of the stock is currently owned by institutional investors and hedge funds.

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.