QVIDTVM Management LLC Buys 1,482,865 Shares of Rentokil Initial PLC $RTO

QVIDTVM Management LLC boosted its stake in shares of Rentokil Initial PLC (NYSE:RTO) by 669.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,704,486 shares of the company’s stock after acquiring an additional 1,482,865 shares during the period. Rentokil Initial comprises about 32.0% of QVIDTVM Management LLC’s holdings, making the stock its biggest holding. QVIDTVM Management LLC owned 0.34% of Rentokil Initial worth $43,038,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Pullen Investment Management LLC raised its position in shares of Rentokil Initial by 0.7% during the 3rd quarter. Pullen Investment Management LLC now owns 48,758 shares of the company’s stock worth $1,231,000 after purchasing an additional 359 shares during the last quarter. IFP Advisors Inc increased its stake in Rentokil Initial by 115.5% during the 2nd quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock worth $31,000 after buying an additional 687 shares in the last quarter. Keystone Financial Services raised its holdings in shares of Rentokil Initial by 7.9% during the second quarter. Keystone Financial Services now owns 12,292 shares of the company’s stock valued at $295,000 after acquiring an additional 900 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Rentokil Initial by 2.8% in the second quarter. SkyView Investment Advisors LLC now owns 39,436 shares of the company’s stock valued at $960,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Rentokil Initial by 171.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after acquiring an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Trading Up 0.6%

Shares of RTO opened at $32.35 on Tuesday. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $33.46. The firm has a 50-day moving average price of $30.58 and a 200 day moving average price of $27.49. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 1.03.

Analysts Set New Price Targets

RTO has been the subject of several recent research reports. Morgan Stanley raised Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Bank of America raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 target price for the company in a report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rentokil Initial in a research report on Thursday, January 22nd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Rentokil Initial in a research report on Friday, November 21st. Finally, Rothschild & Co Redburn cut shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” 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.