VisionPoint Advisory Group LLC Grows Position in Rentokil Initial plc (NYSE:RTO)

VisionPoint Advisory Group LLC grew its stake in shares of Rentokil Initial plc (NYSE:RTO) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 76,363 shares of the company’s stock after buying an additional 7,205 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Rentokil Initial were worth $1,916,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RTO. River Road Asset Management LLC purchased a new stake in shares of Rentokil Initial during the third quarter valued at approximately $44,055,000. Mediolanum International Funds Ltd purchased a new stake in Rentokil Initial in the third quarter worth $25,764,000. Janus Henderson Group PLC lifted its stake in Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after acquiring an additional 617,227 shares during the period. Maverick Capital Ltd. purchased a new stake in Rentokil Initial in the third quarter worth $14,820,000. Finally, Harvey Partners LLC lifted its stake in Rentokil Initial by 48.3% in the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock worth $35,650,000 after acquiring an additional 465,500 shares during the period. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Trading Down 0.9 %

Shares of RTO stock opened at $26.19 on Friday. The stock has a fifty day moving average of $25.04 and a 200 day moving average of $26.32. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Analysts Set New Price Targets

Separately, Citigroup raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.