150,914 Shares in Rentokil Initial PLC $RTO Bought by Orion Porfolio Solutions LLC

Key Points

• Orion Portfolio Solutions LLC bought a new stake of 150,914 shares (~$3.81M) in Rentokil Initial during the third quarter.
• Other institutions also made large moves — Envestnet Asset Management more than doubled to 1,553,740 shares (~$39.23M) and Liberty One opened a new ~$39.95M position, with institutional investors owning 9.91% of the stock.
• Analysts are mixed: the consensus rating is a “Hold” with an average target of $34.00, while the stock trades around $31.90 (12‑month range $19.60–$33.46; 50/200‑day MAs $31.35/$28.38).

Orion Porfolio Solutions LLC bought a new stake in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,914 shares of the company's stock, valued at approximately $3,811,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in shares of Rentokil Initial by 105.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,553,740 shares of the company's stock valued at $39,232,000 after buying an additional 798,660 shares in the last quarter. Liberty One Investment Management LLC bought a new position in shares of Rentokil Initial during the 3rd quarter valued at approximately $39,946,000. Clark Estates Inc. NY purchased a new stake in Rentokil Initial in the 3rd quarter worth approximately $8,332,000. Nichols & Pratt Advisers LLP MA raised its stake in Rentokil Initial by 5.9% during the 3rd quarter. Nichols & Pratt Advisers LLP MA now owns 871,415 shares of the company's stock worth $22,003,000 after acquiring an additional 48,184 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in Rentokil Initial during the 3rd quarter worth approximately $1,132,000. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Price Performance

Shares of NYSE RTO opened at $31.90 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.12. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $33.46. The firm's 50-day moving average price is $31.35 and its 200-day moving average price is $28.38.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Rentokil Initial in a research report on Friday, November 21st. Zacks Research downgraded shares of Rentokil Initial from a "hold" rating to a "strong sell" rating in a research report on Wednesday, March 4th. Bank of America upgraded shares of Rentokil Initial from a "neutral" rating to a "buy" rating and set a $34.00 target price on the stock in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft downgraded shares of Rentokil Initial from a "buy" rating to a "hold" rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Rentokil Initial in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $34.00.

About Rentokil Initial

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.

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