Assetmark Inc. Invests $36,000 in Rentokil Initial plc (NYSE:RTO)

Assetmark Inc. bought a new stake in Rentokil Initial plc (NYSE:RTO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,456 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds have also bought and sold shares of the company. River Road Asset Management LLC purchased a new stake in shares of Rentokil Initial during the 3rd quarter valued at $44,055,000. Lazard Asset Management LLC raised its position in Rentokil Initial by 345,196.7% during the first quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock valued at $47,056,000 after purchasing an additional 1,560,289 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Rentokil Initial by 130.7% during the second 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 purchased a new position in shares of Rentokil Initial in the 3rd quarter worth about $25,764,000. Finally, Nicholas Company Inc. bought a new position in shares of Rentokil Initial during the 2nd quarter valued at about $6,093,000. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Stock Up 1.9 %

Shares of Rentokil Initial stock opened at $26.01 on Tuesday. Rentokil Initial plc has a one year low of $22.40 and a one year high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. The business’s 50 day simple moving average is $25.17 and its two-hundred day simple moving average is $27.94.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Redburn Atlantic downgraded Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Finally, Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Five equities research 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. According to data from MarketBeat, Rentokil Initial has a consensus rating of “Hold” and an average target price of $29.00.

About Rentokil Initial

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.