Rentokil Initial (NYSE:RTO) Shares Gap Down – What’s Next?

Rentokil Initial plc (NYSE:RTO) shares gapped down before the market opened on Thursday . The stock had previously closed at $26.83, but opened at $25.92. Rentokil Initial shares last traded at $25.90, with a volume of 104,197 shares.

Wall Street Analyst Weigh In

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

Rentokil Initial Price Performance

The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average price is $25.32 and its 200-day moving average price is $27.85.

Institutional Trading of Rentokil Initial

Several institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in shares of Rentokil Initial by 7.4% in the 2nd quarter. CWM LLC now owns 5,551 shares of the company’s stock worth $165,000 after acquiring an additional 382 shares in the last quarter. Truist Financial Corp grew its stake in shares of Rentokil Initial by 2.6% in the 2nd quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock worth $475,000 after acquiring an additional 401 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Rentokil Initial by 30.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after acquiring an additional 402 shares in the last quarter. Signaturefd LLC grew its stake in shares of 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 acquiring an additional 406 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC grew its stake in shares of Rentokil Initial by 19.1% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock worth $140,000 after acquiring an additional 759 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

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.