Two Sigma Advisers LP bought a new stake in Rentokil Initial plc (NYSE:RTO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 39,400 shares of the company's stock, valued at approximately $998,000.
A number of other large investors have also modified their holdings of the business. River Road Asset Management LLC boosted its position in Rentokil Initial by 114.2% in the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock valued at $95,862,000 after buying an additional 2,018,866 shares during the last quarter. Gates Capital Management Inc. increased its position in shares of Rentokil Initial by 21.0% during the fourth quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock worth $158,453,000 after purchasing an additional 1,084,845 shares in the last quarter. Snyder Capital Management L P purchased a new stake in shares of Rentokil Initial during the fourth quarter worth approximately $24,297,000. Rockefeller Capital Management L.P. grew its holdings in Rentokil Initial by 109.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock valued at $27,636,000 after buying an additional 570,330 shares in the last quarter. Finally, Voss Capital LP grew its holdings in Rentokil Initial by 21.2% in the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock valued at $78,246,000 after buying an additional 540,287 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.
Wall Street Analysts Forecast Growth
RTO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. Sanford C. Bernstein lowered Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
View Our Latest Stock Report on Rentokil Initial
Rentokil Initial Trading Up 0.1%
RTO stock traded up $0.01 during trading on Thursday, reaching $23.74. 356,021 shares of the stock traded hands, compared to its average volume of 785,510. The business's 50 day moving average price is $22.92 and its 200-day moving average price is $24.10. Rentokil Initial plc has a 52-week low of $19.60 and a 52-week high of $34.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The firm has a market capitalization of $11.99 billion, a PE ratio of 15.72, a P/E/G ratio of 7.95 and a beta of 0.95.
About Rentokil Initial
(
Free Report)
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.
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