Quantinno Capital Management LP raised its stake in Rentokil Initial PLC (NYSE:RTO – Free Report) by 54.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 268,673 shares of the company’s stock after buying an additional 94,519 shares during the quarter. Quantinno Capital Management LP’s holdings in Rentokil Initial were worth $8,458,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of RTO. Assetmark Inc. increased its holdings in shares of Rentokil Initial by 38.5% in the 4th quarter. Assetmark Inc. now owns 648,845 shares of the company’s stock worth $19,115,000 after acquiring an additional 180,332 shares during the period. Nichols & Pratt Advisers LLP MA boosted its stake in 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 purchasing an additional 125,697 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in Rentokil Initial in the 4th quarter worth about $2,941,000. Bleakley Financial Group LLC grew its position in Rentokil Initial by 36.9% in the 4th quarter. Bleakley Financial Group LLC now owns 61,391 shares of the company’s stock worth $1,809,000 after purchasing an additional 16,553 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Rentokil Initial in the first quarter valued at approximately $1,079,000. Institutional investors and hedge funds own 9.91% of the company’s stock.
Rentokil Initial Trading Up 5.1%
NYSE RTO opened at $25.07 on Wednesday. Rentokil Initial PLC has a 12 month low of $23.26 and a 12 month high of $34.67. The company’s 50 day simple moving average is $29.17 and its 200 day simple moving average is $31.11. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76.
Rentokil Initial Cuts Dividend
Wall Street Analyst Weigh In
RTO has been the subject of several analyst reports. BNP Paribas Exane downgraded Rentokil Initial from an “outperform” rating to a “neutral” rating and set a $26.70 price objective for the company. in a research report on Friday. Wall Street Zen lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Monday, July 20th. The Goldman Sachs Group raised Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rentokil Initial in a research note on Monday. Finally, Zacks Research downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $31.90.
Get Our Latest Stock Analysis on RTO
Rentokil Initial Company Profile
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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