River Road Asset Management LLC Sells 526,618 Shares of Rentokil Initial PLC $RTO

River Road Asset Management LLC lessened its stake in Rentokil Initial PLC (NYSE:RTO) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,180,514 shares of the company’s stock after selling 526,618 shares during the quarter. River Road Asset Management LLC owned approximately 0.43% of Rentokil Initial worth $64,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its position in Rentokil Initial by 222.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock worth $34,000 after acquiring an additional 802 shares in the last quarter. GAMMA Investing LLC lifted its stake in Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after acquiring an additional 534 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Rentokil Initial in the fourth quarter valued at $39,000. Smartleaf Asset Management LLC grew its position 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 valued at $43,000 after acquiring an additional 1,089 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after acquiring an additional 690 shares during the period. 9.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RTO. Zacks Research cut shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday. Oppenheimer lifted their price target on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. UBS Group raised Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Rothschild & Co Redburn raised Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rentokil Initial presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Rentokil Initial Stock Down 1.8%

NYSE:RTO opened at $28.51 on Friday. The firm’s fifty day moving average price is $32.02 and its two-hundred day moving average price is $31.31. Rentokil Initial PLC has a one year low of $22.72 and a one year high of $34.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76.

Rentokil Initial Profile

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.