MML Investors Services LLC Acquires 3,997 Shares of Rentokil Initial plc (NYSE:RTO)

MML Investors Services LLC grew its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 4.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,983 shares of the company’s stock after buying an additional 3,997 shares during the period. MML Investors Services LLC’s holdings in Rentokil Initial were worth $2,243,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTO. Rothschild Investment LLC acquired a new position in shares of Rentokil Initial during the 2nd quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new position in shares of Rentokil Initial during the third quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rentokil Initial by 403.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares during the period. Assetmark Inc. bought a new position in shares of Rentokil Initial during the 3rd quarter worth about $36,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Rentokil Initial in the 2nd quarter valued at about $40,000. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Rentokil Initial Stock Performance

RTO opened at $26.28 on Tuesday. Rentokil Initial plc has a 1-year low of $22.40 and a 1-year high of $34.07. The company’s fifty day moving average price is $25.39 and its two-hundred day moving average price is $27.86. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

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.