Anthracite Investment Company Inc. Has $5.35 Million Position in Rentokil Initial plc (NYSE:RTO)

Anthracite Investment Company Inc. lifted its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 211.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 214,402 shares of the company's stock after acquiring an additional 145,528 shares during the period. Rentokil Initial makes up approximately 2.4% of Anthracite Investment Company Inc.'s investment portfolio, making the stock its 8th largest position. Anthracite Investment Company Inc.'s holdings in Rentokil Initial were worth $5,345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company's stock worth $31,000 after buying an additional 843 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Rentokil Initial by 345,196.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company's stock worth $47,056,000 after acquiring an additional 1,560,289 shares during the period. Veracity Capital LLC acquired a new position in shares of Rentokil Initial during the 3rd quarter valued at $644,000. Sanctuary Advisors LLC acquired a new position in Rentokil Initial during the 2nd quarter worth approximately $870,000. Finally, Oppenheimer & Co. Inc. increased its stake in Rentokil Initial by 165.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company's stock valued at $1,386,000 after purchasing an additional 34,687 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RTO shares. Redburn Atlantic lowered shares of Rentokil Initial from a "buy" rating to a "neutral" rating in a research report on Thursday, September 19th. Barclays raised Rentokil Initial to a "strong-buy" rating in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $29.00.

Rentokil Initial Price Performance

Shares of Rentokil Initial stock traded down $0.32 during trading on Wednesday, hitting $25.70. 372,482 shares of the stock traded hands, compared to its average volume of 729,492. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week high of $34.07. The firm's fifty day moving average is $24.95 and its 200-day moving average is $27.94. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 7.01 and a beta of 1.09.

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.