Stephens Inc. AR Increases Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Stephens Inc. AR increased its holdings in Rentokil Initial plc (NYSE:RTO) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 406,486 shares of the company’s stock after buying an additional 27,836 shares during the period. Stephens Inc. AR owned about 0.08% of Rentokil Initial worth $10,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in Rentokil Initial during the first quarter worth about $47,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Rentokil Initial by 21.2% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 78,073 shares of the company’s stock valued at $2,354,000 after buying an additional 13,673 shares in the last quarter. Norden Group LLC acquired a new stake in Rentokil Initial during the 1st quarter valued at $1,495,000. Janney Montgomery Scott LLC acquired a new stake in Rentokil Initial during the 1st quarter valued at $575,000. Finally, Capstone Investment Advisors LLC increased its position in Rentokil Initial by 102.0% during the first quarter. Capstone Investment Advisors LLC now owns 16,199 shares of the company’s stock worth $488,000 after buying an additional 8,180 shares in the last quarter. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Price Performance

Shares of NYSE:RTO opened at $25.74 on Friday. The company has a market cap of $13.00 billion, a P/E ratio of 17.88, a P/E/G ratio of 6.91 and a beta of 1.10. The business has a fifty day simple moving average of $26.45 and a 200-day simple moving average of $27.96. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Analyst Upgrades and Downgrades

RTO has been the topic of several recent research reports. Barclays upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, July 26th. Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. Finally, Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.00.

About Rentokil Initial

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.