Nichols & Pratt Advisers LLP MA Boosts Stock Position in Rentokil Initial plc (NYSE:RTO)

Nichols & Pratt Advisers LLP MA grew its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793,679 shares of the company's stock after buying an additional 78,953 shares during the period. Rentokil Initial makes up about 1.3% of Nichols & Pratt Advisers LLP MA's holdings, making the stock its 25th biggest holding. Nichols & Pratt Advisers LLP MA owned 0.16% of Rentokil Initial worth $20,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. River Road Asset Management LLC purchased a new position in shares of Rentokil Initial during the third quarter worth approximately $44,055,000. Janus Henderson Group PLC grew its holdings in shares of Rentokil Initial by 3.8% during the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company's stock valued at $423,573,000 after purchasing an additional 617,227 shares during the last quarter. Maverick Capital Ltd. purchased a new position in Rentokil Initial in the 3rd quarter worth $14,820,000. Harvey Partners LLC lifted its stake in Rentokil Initial by 48.3% in the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company's stock worth $35,650,000 after purchasing an additional 465,500 shares during the last quarter. Finally, MIG Capital LLC boosted its position in Rentokil Initial by 34.3% during the third quarter. MIG Capital LLC now owns 1,195,997 shares of the company's stock valued at $29,816,000 after buying an additional 305,374 shares during the period. Institutional investors own 9.91% of the company's stock.

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Rentokil Initial Trading Up 1.3 %

Rentokil Initial stock traded up $0.32 during trading hours on Wednesday, reaching $25.23. The stock had a trading volume of 1,063,328 shares, compared to its average volume of 574,570. The company has a fifty day simple moving average of $24.97 and a 200-day simple moving average of $25.96. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week high of $34.07. The stock has a market cap of $12.74 billion, a PE ratio of 16.71, a PEG ratio of 7.95 and a beta of 1.08. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Rentokil Initial to a "strong-buy" rating in a research note on Friday, December 13th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Rentokil Initial Company Profile

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.