Rentokil Initial (NYSE:RTO) Sees Large Volume Increase

Shares of Rentokil Initial plc (NYSE:RTO) saw strong trading volume on Thursday . 663,894 shares were traded during trading, an increase of 3% from the previous session’s volume of 645,936 shares.The stock last traded at $24.25 and had previously closed at $24.95.

Wall Street Analyst Weigh In

RTO has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. UBS Group upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Monday, July 1st. Finally, Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $29.00.

Rentokil Initial Trading Up 1.5 %

The company’s fifty day moving average price is $30.67 and its 200-day moving average price is $29.21.

Rentokil Initial Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Friday, August 9th will be paid a dividend of $0.2034 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a yield of 1.7%.

Hedge Funds Weigh In On Rentokil Initial

Several hedge funds have recently made changes to their positions in the company. CWM LLC grew its stake in Rentokil Initial by 7.4% during the 2nd quarter. CWM LLC now owns 5,551 shares of the company’s stock valued at $165,000 after purchasing an additional 382 shares during the last quarter. Truist Financial Corp boosted its position in Rentokil Initial by 2.6% in the second quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock valued at $475,000 after buying an additional 401 shares during the last quarter. Signaturefd LLC increased its holdings in Rentokil Initial by 3.4% in the 2nd quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock worth $365,000 after buying an additional 406 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Rentokil Initial by 81.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after buying an additional 434 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its stake in Rentokil Initial by 19.1% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock valued at $140,000 after acquiring an additional 759 shares during the period. 9.91% of the stock is 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.