HighTower Advisors LLC Has $2.21 Million Position in Rentokil Initial plc (NYSE:RTO)

HighTower Advisors LLC raised its stake in Rentokil Initial plc (NYSE:RTO) by 36.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 88,747 shares of the company’s stock after buying an additional 23,892 shares during the quarter. HighTower Advisors LLC’s holdings in Rentokil Initial were worth $2,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Rentokil Initial by 130.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after purchasing an additional 1,041,860 shares during the period. River Road Asset Management LLC acquired a new stake in Rentokil Initial during the third quarter worth about $44,055,000. MIG Capital LLC increased its holdings in Rentokil Initial by 34.3% in the 3rd quarter. MIG Capital LLC now owns 1,195,997 shares of the company’s stock valued at $29,816,000 after buying an additional 305,374 shares during the period. Mediolanum International Funds Ltd bought a new position in Rentokil Initial in the 3rd quarter valued at about $25,764,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Rentokil Initial by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock valued at $23,701,000 after buying an additional 101,090 shares in the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rentokil Initial has an average rating of “Hold” and an average price target of $29.00.

Rentokil Initial Stock Performance

Rentokil Initial stock opened at $26.35 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 12-month low of $22.40 and a 12-month high of $34.07. The business’s 50-day moving average price is $25.39 and its two-hundred day moving average price is $27.84.

Rentokil Initial 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.