Park Place Capital Corp Sells 2,995 Shares of Rentokil Initial plc (NYSE:RTO)

Park Place Capital Corp cut its stake in shares of Rentokil Initial plc (NYSE:RTO) by 38.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,874 shares of the company’s stock after selling 2,995 shares during the quarter. Park Place Capital Corp’s holdings in Rentokil Initial were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Rentokil Initial during the 4th quarter valued at approximately $34,000. Principal Securities Inc. acquired a new stake in Rentokil Initial during the 4th quarter worth approximately $47,000. Whittier Trust Co. boosted its position in Rentokil Initial by 17.8% during the 4th quarter. Whittier Trust Co. now owns 7,538 shares of the company’s stock worth $216,000 after buying an additional 1,141 shares during the period. M&T Bank Corp acquired a new stake in Rentokil Initial during the 4th quarter worth approximately $225,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Rentokil Initial during the 4th quarter worth approximately $229,000. 9.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on RTO. JPMorgan Chase & Co. began coverage on shares of Rentokil Initial in a research report on Tuesday, April 23rd. They set a “neutral” rating on the stock. BNP Paribas upgraded shares of Rentokil Initial from a “neutral” rating to an “outperform” rating in a research report on Monday, March 18th. Finally, UBS Group upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $29.00.

Rentokil Initial Stock Down 0.6 %

Shares of NYSE RTO traded down $0.19 during midday trading on Monday, reaching $29.46. The stock had a trading volume of 446,012 shares, compared to its average volume of 667,826. Rentokil Initial plc has a twelve month low of $23.39 and a twelve month high of $41.55. The company’s 50 day moving average price is $27.52 and its 200 day moving average price is $27.80.

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.