Rentokil Initial plc (NYSE:RTO) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Rentokil Initial plc (NYSE:RTO) by 40.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,040 shares of the company’s stock after acquiring an additional 1,164 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Rentokil Initial were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC raised its position in shares of Rentokil Initial by 0.7% during the 1st quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company’s stock worth $486,610,000 after purchasing an additional 105,248 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Rentokil Initial by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company’s stock valued at $60,768,000 after acquiring an additional 109,561 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Rentokil Initial by 130.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after acquiring an additional 1,041,860 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Rentokil Initial by 345,196.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock worth $47,056,000 after buying an additional 1,560,289 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Rentokil Initial by 14.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock worth $23,701,000 after buying an additional 101,090 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RTO. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research report on Monday, July 22nd. Finally, Barclays upgraded shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rentokil Initial currently has a consensus rating of “Hold” and an average price target of $29.00.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $25.57 on Tuesday. The firm has a 50 day simple moving average of $26.17 and a 200-day simple moving average of $27.94. 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 plc has a 12-month low of $22.40 and a 12-month high of $34.07.

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.