Rentokil Initial PLC $RTO Stock Position Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in Rentokil Initial PLC (NYSE:RTO) by 91.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 38,777 shares of the company’s stock after purchasing an additional 18,492 shares during the period. Sanctuary Advisors LLC’s holdings in Rentokil Initial were worth $1,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in Rentokil Initial by 222.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock worth $34,000 after acquiring an additional 802 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Rentokil Initial by 76.5% in the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after purchasing an additional 534 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Rentokil Initial in the fourth quarter worth $39,000. V Square Quantitative Management LLC boosted its holdings in Rentokil Initial by 84.5% in the first quarter. V Square Quantitative Management LLC now owns 1,395 shares of the company’s stock worth $44,000 after purchasing an additional 639 shares in the last quarter. Finally, IFP Advisors Inc increased its position in Rentokil Initial by 53.8% during the third quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock worth $50,000 after buying an additional 690 shares during the last quarter. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Stock Performance

NYSE:RTO opened at $28.39 on Friday. The firm’s 50-day moving average is $29.93 and its 200-day moving average is $31.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.16. Rentokil Initial PLC has a 52-week low of $22.77 and a 52-week high of $34.67.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RTO. Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a report on Wednesday, June 24th. Wall Street Zen lowered Rentokil Initial from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Zacks Research downgraded Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. Finally, The Goldman Sachs Group raised Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Rentokil Initial Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.