Mirae Asset Global Investments Co. Ltd. Makes New $734,000 Investment in Rentokil Initial plc (NYSE:RTO)

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 28,634 shares of the company's stock, valued at approximately $734,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its stake in shares of Rentokil Initial by 0.7% in the 1st quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company's stock valued at $486,610,000 after purchasing an additional 105,248 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Rentokil Initial by 5.7% during the first quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company's stock worth $60,768,000 after acquiring an additional 109,561 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in 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 acquiring an additional 1,041,860 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Rentokil Initial by 345,196.7% during the first 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 in the last quarter. Finally, Mediolanum International Funds Ltd bought a new position in Rentokil Initial during the third quarter worth $25,764,000. 9.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Rentokil Initial Stock Performance

RTO traded up $0.39 during trading on Friday, hitting $25.74. 518,725 shares of the company's stock were exchanged, compared to its average volume of 922,924. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The business's 50 day moving average is $26.32 and its two-hundred day moving average is $27.94. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $34.07.

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.