Rentokil Initial plc (NYSE:RTO) Shares Bought by III Capital Management

III Capital Management lifted its position in Rentokil Initial plc (NYSE:RTO) by 47.3% during the third quarter, Holdings Channel reports. The institutional investor owned 201,015 shares of the company’s stock after buying an additional 64,580 shares during the quarter. Rentokil Initial makes up approximately 0.4% of III Capital Management’s investment portfolio, making the stock its 22nd largest position. III Capital Management’s holdings in Rentokil Initial were worth $5,011,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of RTO. CWM LLC lifted its stake in Rentokil Initial by 7.4% during the second quarter. CWM LLC now owns 5,551 shares of the company’s stock valued at $165,000 after purchasing an additional 382 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Rentokil Initial during the 2nd quarter worth $219,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Rentokil Initial in the 2nd quarter worth $38,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Rentokil Initial by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,258 shares of the company’s stock worth $779,000 after purchasing an additional 811 shares during the period. Finally, Bar Harbor Wealth Management lifted its holdings in shares of Rentokil Initial by 3.9% during the second quarter. Bar Harbor Wealth Management now owns 293,838 shares of the company’s stock valued at $8,712,000 after purchasing an additional 10,974 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic downgraded Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Trading Down 0.9 %

NYSE:RTO traded down $0.23 during trading hours on Tuesday, hitting $25.70. 173,554 shares of the stock traded hands, compared to its average volume of 730,225. The firm has a 50 day moving average price of $25.15 and a 200 day moving average price of $27.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $34.07.

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.