Sanctuary Advisors LLC Has $237,000 Position in Rentokil Initial plc (NYSE:RTO)

Sanctuary Advisors LLC lessened its position in Rentokil Initial plc (NYSE:RTO) by 68.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,123 shares of the company’s stock after selling 20,211 shares during the quarter. Sanctuary Advisors LLC’s holdings in Rentokil Initial were worth $237,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. River Road Asset Management LLC acquired a new stake in Rentokil Initial during the third quarter worth about $44,055,000. The Manufacturers Life Insurance Company lifted its position in shares of 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 worth $54,530,000 after purchasing an additional 1,041,860 shares during the period. Mediolanum International Funds Ltd bought a new stake in Rentokil Initial in the third quarter worth approximately $25,764,000. Janus Henderson Group PLC increased its stake in Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after purchasing an additional 617,227 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new position in shares of Rentokil Initial during the third quarter worth approximately $14,820,000. Institutional investors own 9.91% of the company’s stock.

Analysts Set New Price Targets

RTO has been the topic of several research analyst reports. Redburn Atlantic cut Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Citigroup raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Rentokil Initial Stock Down 0.9 %

Rentokil Initial stock opened at $25.38 on Monday. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 7.23 and a beta of 1.08. The stock has a fifty day simple moving average of $25.77 and a two-hundred day simple moving average of $27.71. 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.

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.