Rentokil Initial PLC $RTO is QVIDTVM Management LLC’s Largest Position

QVIDTVM Management LLC raised its position in Rentokil Initial PLC (NYSE:RTO) by 669.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,704,486 shares of the company’s stock after acquiring an additional 1,482,865 shares during the quarter. Rentokil Initial comprises approximately 32.0% of QVIDTVM Management LLC’s holdings, making the stock its largest position. QVIDTVM Management LLC’s holdings in Rentokil Initial were worth $43,038,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. IFP Advisors Inc increased its position in shares of Rentokil Initial by 115.5% during the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $31,000 after acquiring an additional 687 shares during the period. Smartleaf Asset Management LLC increased its holdings in Rentokil Initial by 171.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock worth $43,000 after purchasing an additional 1,089 shares during the period. Russell Investments Group Ltd. raised its position in Rentokil Initial by 40.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock valued at $110,000 after purchasing an additional 1,309 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Rentokil Initial by 88.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,723 shares of the company’s stock valued at $113,000 after buying an additional 2,213 shares during the period. Finally, Versant Capital Management Inc grew its position in shares of Rentokil Initial by 24.3% during the third quarter. Versant Capital Management Inc now owns 6,914 shares of the company’s stock worth $175,000 after buying an additional 1,352 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, December 18th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rentokil Initial in a research report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a research report on Thursday, January 22nd. Rothschild & Co Redburn downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Finally, Morgan Stanley upgraded Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Rentokil Initial Stock Performance

NYSE RTO opened at $32.35 on Tuesday. The company has a fifty day moving average of $30.58 and a two-hundred day moving average of $27.49. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $33.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.12.

Rentokil Initial 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.