River Road Asset Management LLC Takes Position in Rentokil Initial plc (NYSE:RTO)

River Road Asset Management LLC purchased a new position in shares of Rentokil Initial plc (NYSE:RTO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,767,144 shares of the company’s stock, valued at approximately $44,055,000. River Road Asset Management LLC owned 0.35% of Rentokil Initial at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in Rentokil Initial by 345,196.7% during the first quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock worth $47,056,000 after purchasing an additional 1,560,289 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Rentokil Initial by 130.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after buying an additional 1,041,860 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in Rentokil Initial in the third quarter valued at about $25,764,000. Nicholas Company Inc. bought a new position in Rentokil Initial in the second quarter valued at about $6,093,000. Finally, Iridian Asset Management LLC CT raised its stake in Rentokil Initial by 32.6% during the third quarter. Iridian Asset Management LLC CT now owns 719,795 shares of the company’s stock worth $17,944,000 after acquiring an additional 177,101 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analyst Ratings Changes

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

Rentokil Initial Trading Up 1.0 %

Rentokil Initial stock opened at $25.83 on Tuesday. The business has a 50 day moving average of $26.17 and a 200-day moving average of $27.94. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07.

About Rentokil Initial

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.