Rentokil Initial plc (NYSE:RTO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Rentokil Initial plc (NYSE:RTO) has received a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company.

Separately, Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th.

Rentokil Initial Price Performance

Shares of Rentokil Initial stock opened at $26.52 on Friday. 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 has a 1 year low of $22.40 and a 1 year high of $34.07. The firm’s 50-day moving average is $24.99 and its two-hundred day moving average is $26.45.

Institutional Trading of Rentokil Initial

A number of institutional investors have recently modified their holdings of RTO. Janus Henderson Group PLC boosted its stake in Rentokil Initial by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after purchasing an additional 617,227 shares in the last quarter. River Road Asset Management LLC boosted its stake in Rentokil Initial by 114.2% in the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock worth $95,862,000 after purchasing an additional 2,018,866 shares in the last quarter. MIG Capital LLC boosted its stake in Rentokil Initial by 29.1% in the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company’s stock worth $39,091,000 after purchasing an additional 347,882 shares in the last quarter. Harvey Partners LLC boosted its stake in Rentokil Initial by 48.3% in the 3rd quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock worth $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Finally, Alberta Investment Management Corp boosted its stake in Rentokil Initial by 21.6% in the 4th quarter. Alberta Investment Management Corp now owns 1,312,471 shares of the company’s stock worth $33,232,000 after purchasing an additional 232,871 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

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.