Mediolanum International Funds Ltd Purchases Shares of 1,033,458 Rentokil Initial plc (NYSE:RTO)

Mediolanum International Funds Ltd bought a new position in Rentokil Initial plc (NYSE:RTO - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,033,458 shares of the company's stock, valued at approximately $25,764,000. Mediolanum International Funds Ltd owned about 0.20% of Rentokil Initial as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in RTO. Lazard Asset Management LLC raised its stake in shares of Rentokil Initial by 345,196.7% in the first quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company's stock valued at $47,056,000 after acquiring an additional 1,560,289 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Rentokil Initial by 130.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company's stock valued at $54,530,000 after acquiring an additional 1,041,860 shares during the last quarter. Nicholas Company Inc. bought a new position in shares of Rentokil Initial in the 2nd quarter valued at about $6,093,000. Iridian Asset Management LLC CT raised its stake in shares of Rentokil Initial by 47.7% during the second quarter. Iridian Asset Management LLC CT now owns 542,694 shares of the company's stock worth $16,091,000 after buying an additional 175,304 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Rentokil Initial by 5.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company's stock worth $60,768,000 after purchasing an additional 109,561 shares during the last quarter. 9.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on RTO shares. Redburn Atlantic cut shares of Rentokil Initial from a "buy" rating to a "neutral" rating in a research report on Thursday, September 19th. UBS Group raised shares of Rentokil Initial from a "sell" rating to a "neutral" rating in a research report on Monday, July 1st. Barclays raised Rentokil Initial to a "strong-buy" rating in a research report on Friday, July 26th. Finally, 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. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $29.00.

Rentokil Initial Price Performance

Shares of NYSE:RTO traded up $0.04 during mid-day trading on Friday, reaching $24.72. 399,008 shares of the company's stock were exchanged, compared to its average volume of 728,510. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial plc has a twelve month low of $22.40 and a twelve month high of $34.07. The business's fifty day moving average price is $26.99 and its 200-day moving average price is $28.05.

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.