Bar Harbor Wealth Management Acquires 20,935 Shares of Rentokil Initial plc (NYSE:RTO)

Bar Harbor Wealth Management increased its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 314,773 shares of the company’s stock after buying an additional 20,935 shares during the period. Bar Harbor Wealth Management owned about 0.06% of Rentokil Initial worth $7,847,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its stake in Rentokil Initial by 81.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after purchasing an additional 434 shares during the period. Rothschild Investment LLC bought a new stake in shares of Rentokil Initial in the 2nd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. increased 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 valued at $31,000 after acquiring an additional 843 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of Rentokil Initial during the 2nd quarter valued at $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in Rentokil Initial in the second quarter worth $40,000. 9.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

RTO has been the topic of several research reports. UBS Group upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Monday, July 1st. Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Barclays upgraded Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Finally, Sanford C. Bernstein raised Rentokil Initial from an “underperform” rating to a “market perform” rating in a research report on Monday, July 22nd. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Trading Up 7.2 %

RTO opened at $24.56 on Friday. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $36.22. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company’s 50-day moving average is $27.75 and its 200 day moving average is $28.27.

Rentokil Initial Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 17th. Stockholders of record on Friday, August 9th were paid a $0.2034 dividend. The ex-dividend date was Friday, August 9th. This represents a dividend yield of 1.7%.

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.