Iridian Asset Management LLC CT Acquires 177,101 Shares of Rentokil Initial plc (NYSE:RTO)

Iridian Asset Management LLC CT boosted its holdings in Rentokil Initial plc (NYSE:RTO) by 32.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 719,795 shares of the company’s stock after purchasing an additional 177,101 shares during the quarter. Rentokil Initial makes up 3.8% of Iridian Asset Management LLC CT’s portfolio, making the stock its 10th biggest holding. Iridian Asset Management LLC CT’s holdings in Rentokil Initial were worth $17,944,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Rentokil Initial by 81.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 968 shares of the company’s stock valued at $29,000 after purchasing an additional 434 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Rentokil Initial in the 2nd quarter worth $29,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after acquiring an additional 843 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new stake in Rentokil Initial during the second quarter valued at about $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in Rentokil Initial during the second quarter worth about $40,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Rentokil Initial Stock Performance

NYSE RTO opened at $25.18 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $34.07. The business has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $28.00.

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.