Rentokil Initial plc (NYSE:RTO) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 31.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,988 shares of the company’s stock after purchasing an additional 4,107 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Rentokil Initial were worth $424,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RTO. Lazard Asset Management LLC boosted its stake in Rentokil Initial by 345,196.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock worth $47,056,000 after purchasing an additional 1,560,289 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Rentokil Initial by 130.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after purchasing an additional 1,041,860 shares during the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of Rentokil Initial during the 3rd quarter valued at about $25,764,000. Nicholas Company Inc. purchased a new stake in shares of Rentokil Initial in the second quarter valued at about $6,093,000. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Rentokil Initial by 47.7% in the second quarter. Iridian Asset Management LLC CT now owns 542,694 shares of the company’s stock valued at $16,091,000 after purchasing an additional 175,304 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RTO shares. Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Finally, Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $29.00.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $25.56 on Wednesday. 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 52 week low of $22.40 and a 52 week high of $34.07. The firm has a 50 day moving average of $26.86 and a two-hundred day moving average of $28.02.

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.