Dana Investment Advisors Inc. Invests $512,000 in Rentokil Initial PLC $RTO

Dana Investment Advisors Inc. purchased a new stake in Rentokil Initial PLC (NYSE:RTO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,270 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in shares of Rentokil Initial by 105.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,553,740 shares of the company’s stock worth $39,232,000 after purchasing an additional 798,660 shares in the last quarter. Liberty One Investment Management LLC acquired a new position in Rentokil Initial in the third quarter valued at about $39,946,000. Clark Estates Inc. NY acquired a new position in Rentokil Initial in the third quarter valued at about $8,332,000. Nichols & Pratt Advisers LLP MA lifted its position in Rentokil Initial by 5.9% during the third quarter. Nichols & Pratt Advisers LLP MA now owns 871,415 shares of the company’s stock worth $22,003,000 after purchasing an additional 48,184 shares during the period. Finally, Sunriver Management LLC grew its stake in Rentokil Initial by 115.5% during the second quarter. Sunriver Management LLC now owns 2,057,126 shares of the company’s stock worth $49,371,000 after buying an additional 1,102,353 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTO has been the subject of several analyst reports. Rothschild & Co Redburn cut shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research note on Thursday, January 22nd. Morgan Stanley upgraded Rentokil Initial from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft downgraded Rentokil Initial from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rentokil Initial in a report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.00.

Rentokil Initial Trading Up 0.2%

NYSE RTO opened at $31.31 on Friday. The firm’s fifty day moving average price is $31.29 and its two-hundred day moving average price is $28.13. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.79. Rentokil Initial PLC has a fifty-two week low of $19.60 and a fifty-two week high of $33.46.

Rentokil Initial Company Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.