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Rentokil Initial Discloses BlackRock Lifting Stake to 13%
BlackRock Inc. has increased its total voting stake in Rentokil Initial (RTO) to 13%, comprising 10.44% through shares and 2.56% via financial instruments. This move, disclosed on April 20, indicates continued institutional confidence in Rentokil Initial’s long-term prospects. TipRanks’ AI Analyst, Spark, rates RTO as Neutral, citing steady profitability and free cash flow but also noting recent top-line contraction and a relatively expensive valuation.