Bleakley Financial Group LLC Invests $1.13 Million in Rentokil Initial PLC $RTO

Bleakley Financial Group LLC acquired a new stake in shares of Rentokil Initial PLC (NYSE:RTO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 44,838 shares of the company’s stock, valued at approximately $1,132,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RTO. Pullen Investment Management LLC grew its holdings in shares of Rentokil Initial by 0.7% in the third quarter. Pullen Investment Management LLC now owns 48,758 shares of the company’s stock valued at $1,231,000 after acquiring an additional 359 shares in the last quarter. Keystone Financial Services grew its stake in Rentokil Initial by 7.9% in the 2nd quarter. Keystone Financial Services now owns 12,292 shares of the company’s stock valued at $295,000 after purchasing an additional 900 shares during the period. SkyView Investment Advisors LLC grew its stake in Rentokil Initial by 2.8% in the 2nd quarter. SkyView Investment Advisors LLC now owns 39,436 shares of the company’s stock valued at $960,000 after purchasing an additional 1,067 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Rentokil Initial by 171.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Rentokil Initial by 9.9% during the 3rd quarter. Cibc World Market Inc. now owns 12,560 shares of the company’s stock worth $317,000 after purchasing an additional 1,135 shares during the period. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Down 2.2%

RTO opened at $30.65 on Wednesday. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $33.46. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. The company has a 50 day moving average of $31.19 and a 200 day moving average of $28.05.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RTO shares. Bank of America upgraded shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. restated an “overweight” rating on shares of Rentokil Initial in a research note on Friday, November 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a research note on Thursday, January 22nd. Finally, Morgan Stanley raised Rentokil Initial from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.00.

About Rentokil Initial

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.