Rentokil Initial plc (NYSE:RTO) Shares Bought by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT boosted its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 32.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 719,795 shares of the company's stock after purchasing an additional 177,101 shares during the quarter. Rentokil Initial comprises about 3.8% of Iridian Asset Management LLC CT's portfolio, making the stock its 10th biggest position. Iridian Asset Management LLC CT owned 0.14% of Rentokil Initial worth $17,944,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC increased its holdings in Rentokil Initial by 31.9% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,988 shares of the company's stock worth $424,000 after purchasing an additional 4,107 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Rentokil Initial during the 3rd quarter worth $734,000. Mediolanum International Funds Ltd purchased a new position in Rentokil Initial during the 3rd quarter worth $25,764,000. Whittier Trust Co. increased its holdings in Rentokil Initial by 200.8% during the 3rd quarter. Whittier Trust Co. now owns 2,274 shares of the company's stock worth $57,000 after purchasing an additional 1,518 shares during the period. Finally, Castleview Partners LLC purchased a new position in Rentokil Initial during the 3rd quarter worth $177,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Stock Performance

NYSE RTO traded up $0.17 during midday trading on Thursday, hitting $25.35. 538,661 shares of the company traded hands, compared to its average volume of 728,986. 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 company's 50-day simple moving average is $26.59 and its 200-day simple moving average is $27.98.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays raised Rentokil Initial to a "strong-buy" rating in a research report on Friday, July 26th. Sanford C. Bernstein raised Rentokil Initial from an "underperform" rating to a "market perform" rating in a research report on Monday, July 22nd. Finally, Redburn Atlantic cut Rentokil Initial from a "buy" rating to a "neutral" rating in a research report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Rentokil Initial has a consensus rating of "Hold" and an average target price of $29.00.

Rentokil Initial 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.