Harbour Capital Advisors LLC Purchases New Stake in Rentokil Initial plc (NYSE:RTO)

Harbour Capital Advisors LLC purchased a new stake in shares of Rentokil Initial plc (NYSE:RTO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,850 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also made changes to their positions in RTO. Valley Wealth Managers Inc. acquired a new stake in shares of Rentokil Initial during the 3rd quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after acquiring an additional 843 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Rentokil Initial during the 3rd quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new stake in shares of Rentokil Initial during the 2nd quarter valued at approximately $40,000. Finally, Whittier Trust Co. raised its position in shares of Rentokil Initial by 200.8% during the 3rd quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock valued at $57,000 after acquiring an additional 1,518 shares in the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RTO has been the subject of a number of recent research reports. Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Redburn Atlantic downgraded Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Rentokil Initial presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Rentokil Initial Price Performance

Shares of RTO opened at $23.94 on Tuesday. Rentokil Initial plc has a 12 month low of $22.40 and a 12 month high of $34.07. The company has a market cap of $12.09 billion, a P/E ratio of 16.98, a PEG ratio of 7.23 and a beta of 1.08. The stock has a fifty day moving average price of $25.66 and a 200 day moving average price of $27.33. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

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.