330,000 Shares in Rentokil Initial PLC $RTO Purchased by Clark Estates Inc. NY

Clark Estates Inc. NY bought a new stake in Rentokil Initial PLC (NYSE:RTO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 330,000 shares of the company’s stock, valued at approximately $8,332,000. Rentokil Initial accounts for about 1.9% of Clark Estates Inc. NY’s portfolio, making the stock its 15th largest holding. Clark Estates Inc. NY owned 0.07% of Rentokil Initial as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Rentokil Initial by 171.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock worth $43,000 after purchasing an additional 1,089 shares during the last quarter. Russell Investments Group Ltd. increased its position in Rentokil Initial by 40.0% in the second quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock worth $110,000 after buying an additional 1,309 shares during the period. PNC Financial Services Group Inc. lifted its stake in Rentokil Initial by 88.2% in the second quarter. PNC Financial Services Group Inc. now owns 4,723 shares of the company’s stock valued at $113,000 after buying an additional 2,213 shares during the last quarter. Versant Capital Management Inc lifted its stake in Rentokil Initial by 24.3% in the third quarter. Versant Capital Management Inc now owns 6,914 shares of the company’s stock valued at $175,000 after buying an additional 1,352 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Rentokil Initial by 122.9% during the second quarter. Advisors Asset Management Inc. now owns 7,610 shares of the company’s stock valued at $183,000 after acquiring an additional 4,196 shares during the period. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $32.03 on Monday. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $33.46. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.79. The firm has a 50 day simple moving average of $31.10 and a 200-day simple moving average of $27.96.

Wall Street Analysts Forecast Growth

RTO has been the topic of a number of analyst reports. Rothschild & Co Redburn cut shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. JPMorgan Chase & Co. restated 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 objective for the company in a research report on Thursday, December 18th. Morgan Stanley raised Rentokil Initial from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.