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

Rentokil Initial plc (NYSE:RTO)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $25.15, but opened at $23.05. Rentokil Initial shares last traded at $23.16, with a volume of 581,379 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rentokil Initial Price Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The firm has a market capitalization of $11.28 billion, a PE ratio of 14.80, a P/E/G ratio of 7.95 and a beta of 1.08. The business’s 50 day moving average is $24.97 and its two-hundred day moving average is $25.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. raised its holdings in shares of Rentokil Initial by 30.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Rentokil Initial by 65.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock worth $38,000 after acquiring an additional 594 shares in the last quarter. MML Investors Services LLC lifted its holdings in shares of Rentokil Initial by 0.8% in the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company’s stock worth $2,296,000 after acquiring an additional 704 shares during the last quarter. Exencial Wealth Advisors LLC boosted its stake in shares of Rentokil Initial by 2.3% in the 4th quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company’s stock valued at $1,102,000 after purchasing an additional 972 shares in the last quarter. Finally, Fiduciary Trust Co grew its holdings in shares of Rentokil Initial by 4.7% during the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company’s stock valued at $600,000 after purchasing an additional 1,070 shares during the last quarter. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

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.