Rentokil Initial plc (NYSE:RTO) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR boosted its stake in shares of Rentokil Initial plc (NYSE:RTO) by 7.4% during the third quarter, HoldingsChannel.com reports. The firm owned 406,486 shares of the company’s stock after acquiring an additional 27,836 shares during the period. Stephens Inc. AR’s holdings in Rentokil Initial were worth $10,134,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RTO. Whittier Trust Co. of Nevada Inc. raised its position in shares of Rentokil Initial by 81.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock worth $29,000 after buying an additional 434 shares during the period. Rothschild Investment LLC purchased a new position in shares of Rentokil Initial in the 2nd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after purchasing an additional 843 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in shares of Rentokil Initial in the 2nd quarter valued at about $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Rentokil Initial during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Five investment 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 stock. According to data from MarketBeat.com, Rentokil Initial currently has an average rating of “Hold” and a consensus price target of $29.00.

Rentokil Initial Stock Performance

Rentokil Initial stock opened at $25.74 on Friday. 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 plc has a one year low of $22.40 and a one year high of $34.07. The stock’s 50 day moving average price is $26.45 and its 200 day moving average price is $27.96. The firm has a market capitalization of $13.00 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 6.91 and a beta of 1.10.

Rentokil Initial Company 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.