Bank of Montreal Can Grows Stock Holdings in Rentokil Initial PLC $RTO

Bank of Montreal Can grew its position in shares of Rentokil Initial PLC (NYSE:RTO) by 557.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 759,854 shares of the company’s stock after buying an additional 644,341 shares during the quarter. Bank of Montreal Can’s holdings in Rentokil Initial were worth $18,236,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in Rentokil Initial by 416.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock valued at $27,000 after purchasing an additional 913 shares during the period. IFP Advisors Inc grew its position in shares of Rentokil Initial by 115.5% in the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $31,000 after buying an additional 687 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Rentokil Initial by 668.3% in the 1st quarter. Brooklyn Investment Group now owns 1,598 shares of the company’s stock worth $37,000 after buying an additional 1,390 shares during the last quarter. State of Wyoming purchased a new position in shares of Rentokil Initial during the first quarter valued at approximately $46,000. Finally, Cape Investment Advisory Inc. raised its holdings in shares of Rentokil Initial by 67.4% during the first quarter. Cape Investment Advisory Inc. now owns 2,519 shares of the company’s stock valued at $58,000 after acquiring an additional 1,014 shares in the last quarter. 9.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RTO. Jefferies Financial Group raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 7th. Zacks Research upgraded Rentokil Initial from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Rentokil Initial Stock Performance

Shares of RTO opened at $27.08 on Friday. Rentokil Initial PLC has a fifty-two week low of $19.60 and a fifty-two week high of $30.10. The firm’s 50-day simple moving average is $26.25 and its two-hundred day simple moving average is $24.65.

Rentokil Initial 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.