Rentokil Initial PLC $RTO Position Increased by Broyhill Asset Management LLC

Broyhill Asset Management LLC lifted its stake in Rentokil Initial PLC (NYSE:RTO) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 158,214 shares of the company’s stock after purchasing an additional 39,759 shares during the period. Rentokil Initial makes up 4.1% of Broyhill Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. Broyhill Asset Management LLC’s holdings in Rentokil Initial were worth $4,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RTO. Bank of America Corp DE raised its position in Rentokil Initial by 143.5% during the second quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after acquiring an additional 1,073,471 shares during the last quarter. Snyder Capital Management L P boosted its stake in shares of Rentokil Initial by 16.5% in the fourth quarter. Snyder Capital Management L P now owns 1,733,447 shares of the company’s stock valued at $51,067,000 after purchasing an additional 244,976 shares during the period. Summitry LLC boosted its stake in shares of Rentokil Initial by 1.7% in the fourth quarter. Summitry LLC now owns 1,475,957 shares of the company’s stock valued at $43,482,000 after purchasing an additional 25,170 shares during the period. Optiver Holding B.V. boosted its stake in shares of Rentokil Initial by 121.1% in the third quarter. Optiver Holding B.V. now owns 1,466,714 shares of the company’s stock valued at $37,035,000 after purchasing an additional 803,280 shares during the period. Finally, Nichols & Pratt Advisers LLP MA raised its holdings in Rentokil Initial by 14.4% in the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 997,112 shares of the company’s stock valued at $29,375,000 after acquiring an additional 125,697 shares in the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analysts Set New Price Targets

RTO has been the topic of a number of research reports. Rothschild & Co Redburn raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a report on Wednesday, March 11th. Wall Street Zen cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Zacks Research upgraded shares of Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Oppenheimer raised their target price on shares of Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Stock Up 0.4%

Rentokil Initial stock opened at $30.63 on Friday. Rentokil Initial PLC has a 12-month low of $22.72 and a 12-month high of $34.67. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. The stock has a 50-day simple moving average of $32.28 and a 200 day simple moving average of $31.22.

About Rentokil Initial

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.