Assetmark Inc. Purchases New Shares in Rentokil Initial plc (NYSE:RTO)

Assetmark Inc. purchased a new position in Rentokil Initial plc (NYSE:RTO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,456 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors have also added to or reduced their stakes in RTO. River Road Asset Management LLC purchased a new stake in shares of Rentokil Initial in the 3rd quarter worth about $44,055,000. Stephens Inc. AR boosted its stake in Rentokil Initial by 7.4% during the third quarter. Stephens Inc. AR now owns 406,486 shares of the company’s stock worth $10,134,000 after acquiring an additional 27,836 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in Rentokil Initial by 32.6% in the third quarter. Iridian Asset Management LLC CT now owns 719,795 shares of the company’s stock worth $17,944,000 after purchasing an additional 177,101 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Rentokil Initial by 31.9% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 16,988 shares of the company’s stock valued at $424,000 after purchasing an additional 4,107 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Rentokil Initial during the third quarter valued at approximately $734,000. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Price Performance

Shares of RTO opened at $26.01 on Tuesday. The business’s fifty day simple moving average is $25.17 and its two-hundred day simple moving average is $27.94. Rentokil Initial plc has a 12 month low of $22.40 and a 12 month high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

Wall Street Analysts Forecast Growth

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

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.