HighTower Advisors LLC Buys 23,892 Shares of Rentokil Initial plc (NYSE:RTO)

HighTower Advisors LLC boosted its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 36.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,747 shares of the company's stock after purchasing an additional 23,892 shares during the period. HighTower Advisors LLC's holdings in Rentokil Initial were worth $2,205,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RTO. River Road Asset Management LLC bought a new position in shares of Rentokil Initial in the third quarter worth about $44,055,000. The Manufacturers Life Insurance Company raised its stake in shares of Rentokil Initial by 130.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company's stock worth $54,530,000 after buying an additional 1,041,860 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of Rentokil Initial during the third quarter worth approximately $25,764,000. Maverick Capital Ltd. bought a new stake in shares of Rentokil Initial during the third quarter worth approximately $14,820,000. Finally, MIG Capital LLC raised its stake in shares of Rentokil Initial by 34.3% during the third quarter. MIG Capital LLC now owns 1,195,997 shares of the company's stock worth $29,816,000 after buying an additional 305,374 shares during the last quarter. 9.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic downgraded shares of Rentokil Initial from a "buy" rating to a "neutral" rating in a research note on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $29.00.

Rentokil Initial Stock Up 3.3 %

Shares of RTO stock traded up $0.84 during trading on Friday, reaching $26.35. The company's stock had a trading volume of 967,424 shares, compared to its average volume of 700,866. The business has a fifty day moving average price of $25.39 and a 200-day moving average price of $27.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a one year low of $22.40 and a one year high of $34.07.

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.