Rentokil Initial plc (NYSE:RTO) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its holdings in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 165.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,604 shares of the company's stock after buying an additional 34,687 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Rentokil Initial were worth $1,386,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RTO. Rothschild Investment LLC acquired a new position in shares of Rentokil Initial during the 2nd quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company's stock valued at $31,000 after acquiring an additional 843 shares during the last quarter. Assetmark Inc. acquired a new position in shares of Rentokil Initial during the 3rd quarter valued at about $36,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Rentokil Initial during the 2nd quarter valued at about $38,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Rentokil Initial during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Trading Up 0.1 %

NYSE RTO traded up $0.02 during trading hours on Tuesday, reaching $26.02. The company had a trading volume of 624,519 shares, compared to its average volume of 730,306. The stock has a 50-day moving average of $25.06 and a 200 day moving average of $27.94. Rentokil Initial plc has a 1-year low of $22.40 and a 1-year high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $13.14 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 7.01 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on RTO shares. Barclays raised shares of Rentokil Initial to a "strong-buy" rating in a research report on Friday, July 26th. Sanford C. Bernstein raised shares of Rentokil Initial from an "underperform" rating to a "market perform" rating in a research report on Monday, July 22nd. Finally, Redburn Atlantic cut shares of Rentokil Initial from a "buy" rating to a "neutral" rating in a research report on Thursday, September 19th. Five investment 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 stock. According to MarketBeat.com, Rentokil Initial presently 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.