PNC Financial Services Group Inc. Purchases 26,783 Shares of Rentokil Initial PLC $RTO

PNC Financial Services Group Inc. increased its position in shares of Rentokil Initial PLC (NYSE:RTO) by 567.1% during the third quarter, HoldingsChannel.com reports. The fund owned 31,506 shares of the company’s stock after acquiring an additional 26,783 shares during the period. PNC Financial Services Group Inc.’s holdings in Rentokil Initial were worth $796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew 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 in the last quarter. Russell Investments Group Ltd. raised its position in shares of 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 in the last quarter. Versant Capital Management Inc boosted its stake in Rentokil Initial by 24.3% during 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 period. Advisors Asset Management Inc. boosted its stake in 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 buying an additional 4,196 shares during the period. Finally, Yousif Capital Management LLC purchased a new position in Rentokil Initial during the third quarter worth about $205,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Stock Performance

RTO stock opened at $30.80 on Thursday. The firm’s fifty day moving average is $31.23 and its 200 day moving average is $28.07. Rentokil Initial PLC has a 52 week low of $19.60 and a 52 week 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.

Analysts Set New Price Targets

Several analysts have weighed in on RTO shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a 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. Deutsche Bank Aktiengesellschaft downgraded shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley upgraded shares of Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 6th. Finally, Rothschild & Co Redburn lowered shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Rentokil Initial has a consensus rating of “Hold” and a consensus target price of $34.00.

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.