Rentokil Initial PLC $RTO Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in Rentokil Initial PLC (NYSE:RTO) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,591,965 shares of the company’s stock after buying an additional 490,885 shares during the quarter. Janus Henderson Group PLC’s holdings in Rentokil Initial were worth $522,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RTO. Jane Street Group LLC lifted its holdings in shares of Rentokil Initial by 292.0% during the 1st quarter. Jane Street Group LLC now owns 117,341 shares of the company’s stock worth $2,687,000 after acquiring an additional 87,405 shares during the period. Creative Planning acquired a new stake in shares of Rentokil Initial in the second quarter worth approximately $393,000. JPMorgan Chase & Co. grew its holdings in Rentokil Initial by 2,549.7% in the second quarter. JPMorgan Chase & Co. now owns 93,165 shares of the company’s stock valued at $2,236,000 after purchasing an additional 89,649 shares during the period. Russell Investments Group Ltd. grew its holdings in Rentokil Initial by 40.0% in the second quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock valued at $110,000 after purchasing an additional 1,309 shares during the period. Finally, M&T Bank Corp increased its position in Rentokil Initial by 19.7% during the second quarter. M&T Bank Corp now owns 10,557 shares of the company’s stock worth $253,000 after purchasing an additional 1,736 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Trading Up 2.2%

Shares of NYSE:RTO opened at $29.45 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. Rentokil Initial PLC has a 1 year low of $22.77 and a 1 year high of $34.67. The stock has a 50-day simple moving average of $29.76 and a 200-day simple moving average of $31.32.

Rentokil Initial (NYSE:RTO) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.32). As a group, sell-side analysts forecast that Rentokil Initial PLC will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

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

Rentokil Initial Company 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.