HighTower Advisors LLC Purchases 23,892 Shares of Rentokil Initial plc (NYSE:RTO)

HighTower Advisors LLC raised its position in Rentokil Initial plc (NYSE:RTO) by 36.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,747 shares of the company’s stock after acquiring an additional 23,892 shares during the quarter. HighTower Advisors LLC’s holdings in Rentokil Initial were worth $2,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Rentokil Initial by 130.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after purchasing an additional 1,041,860 shares during the last quarter. River Road Asset Management LLC bought a new stake in Rentokil Initial in the third quarter valued at approximately $44,055,000. MIG Capital LLC increased its holdings in shares of Rentokil Initial by 34.3% during the 3rd quarter. MIG Capital LLC now owns 1,195,997 shares of the company’s stock worth $29,816,000 after acquiring an additional 305,374 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in Rentokil Initial in the 3rd quarter valued at $25,764,000. Finally, Envestnet Asset Management Inc. lifted its holdings in Rentokil Initial by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock valued at $23,701,000 after purchasing an additional 101,090 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Trading Up 3.3 %

Shares of NYSE RTO opened at $26.35 on Friday. The business’s 50 day moving average is $25.39 and its 200-day moving average is $27.84. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 1-year low of $22.40 and a 1-year high of $34.07.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Rentokil Initial has an average rating of “Hold” and an average target price of $29.00.

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.