28,634 Shares in Rentokil Initial plc (NYSE:RTO) Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Rentokil Initial plc (NYSE:RTO) in the third quarter, HoldingsChannel reports. The institutional investor acquired 28,634 shares of the company’s stock, valued at approximately $734,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTO. Allspring Global Investments Holdings LLC purchased a new position in shares of Rentokil Initial during the 1st quarter valued at approximately $47,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Rentokil Initial by 21.2% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 78,073 shares of the company’s stock valued at $2,354,000 after acquiring an additional 13,673 shares during the last quarter. Norden Group LLC acquired a new position in Rentokil Initial during the 1st quarter worth $1,495,000. Janney Montgomery Scott LLC bought a new stake in shares of Rentokil Initial in the 1st quarter worth about $575,000. Finally, Capstone Investment Advisors LLC raised its stake in shares of Rentokil Initial by 102.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 16,199 shares of the company’s stock valued at $488,000 after purchasing an additional 8,180 shares in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on RTO. Barclays raised Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Finally, Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $29.00.

Rentokil Initial Trading Up 1.5 %

Shares of NYSE RTO opened at $25.74 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The firm’s 50-day moving average price is $26.32 and its two-hundred day moving average price is $27.94. Rentokil Initial plc has a 52-week low of $22.40 and a 52-week high of $34.07.

Rentokil Initial Company 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.