Dana Investment Advisors Inc. Purchases Shares of 20,270 Rentokil Initial PLC $RTO

Dana Investment Advisors Inc. acquired a new position in shares of Rentokil Initial PLC (NYSE:RTO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,270 shares of the company’s stock, valued at approximately $512,000.

Several other large investors also recently made changes to their positions in RTO. Liberty One Investment Management LLC bought a new position in shares of Rentokil Initial in the third quarter valued at $39,946,000. QVIDTVM Management LLC lifted its stake in Rentokil Initial by 669.1% in the third quarter. QVIDTVM Management LLC now owns 1,704,486 shares of the company’s stock valued at $43,038,000 after acquiring an additional 1,482,865 shares during the last quarter. Summitry LLC bought a new position in shares of Rentokil Initial in the 2nd quarter valued at about $27,539,000. Sunriver Management LLC grew its position in shares of Rentokil Initial by 115.5% in the 2nd quarter. Sunriver Management LLC now owns 2,057,126 shares of the company’s stock valued at $49,371,000 after acquiring an additional 1,102,353 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Rentokil Initial by 143.5% during the 2nd quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after purchasing an additional 1,073,471 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Stock Up 0.2%

RTO opened at $31.31 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.03 and a current ratio of 1.12. The business has a fifty day simple moving average of $31.29 and a 200 day simple moving average of $28.13. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $33.46.

Wall Street Analysts Forecast Growth

RTO has been the subject of several recent analyst reports. Rothschild & Co Redburn downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rentokil Initial in a research note on Friday, November 21st. Bank of America upgraded Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Thursday, December 18th. Finally, Morgan Stanley raised Rentokil Initial from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.