Sanctuary Advisors LLC increased its position in Rentokil Initial PLC (NYSE:RTO – Free Report) by 91.2% in the 1st quarter, Holdings Channel reports. The firm owned 38,777 shares of the company’s stock after buying an additional 18,492 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rentokil Initial were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group increased its holdings in Rentokil Initial by 8.4% in the 4th quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock valued at $103,558,000 after buying an additional 267,204 shares during the period. Bank of America Corp DE lifted its holdings in shares of Rentokil Initial by 143.5% during the 2nd quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after acquiring an additional 1,073,471 shares during the period. Snyder Capital Management L P lifted its holdings in shares of Rentokil Initial by 16.5% during the 4th quarter. Snyder Capital Management L P now owns 1,733,447 shares of the company’s stock worth $51,067,000 after acquiring an additional 244,976 shares during the period. Summitry LLC boosted its position in shares of Rentokil Initial by 1.7% during the 4th quarter. Summitry LLC now owns 1,475,957 shares of the company’s stock valued at $43,482,000 after acquiring an additional 25,170 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA boosted its position in shares of Rentokil Initial by 14.4% during the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 997,112 shares of the company’s stock valued at $29,375,000 after acquiring an additional 125,697 shares in the last quarter. 9.91% of the stock is owned by institutional investors.
Analyst Ratings Changes
RTO has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Monday, July 6th. Zacks Research cut shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. Wall Street Zen downgraded Rentokil Initial from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rentokil Initial in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Rentokil Initial presently has an average rating of “Moderate Buy” and an average price target of $34.50.
Rentokil Initial Price Performance
RTO stock opened at $28.39 on Friday. The business has a fifty day moving average price of $29.93 and a 200 day moving average price of $31.36. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. Rentokil Initial PLC has a fifty-two week low of $22.77 and a fifty-two week high of $34.67.
About Rentokil Initial
Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.
Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.
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