Gabelli Funds LLC decreased its holdings in shares of Rentokil Initial plc (NYSE:RTO – Free Report) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,000 shares of the company’s stock after selling 500 shares during the quarter. Gabelli Funds LLC’s holdings in Rentokil Initial were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brown Advisory Inc. lifted its holdings in shares of Rentokil Initial by 3.2% during the 3rd quarter. Brown Advisory Inc. now owns 3,802,886 shares of the company’s stock valued at $140,897,000 after acquiring an additional 116,496 shares in the last quarter. Morgan Stanley acquired a new position in shares of Rentokil Initial during the 4th quarter valued at $87,191,000. Norges Bank acquired a new position in shares of Rentokil Initial during the 4th quarter valued at $81,252,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Rentokil Initial during the 4th quarter valued at $51,291,000. Finally, Bank of America Corp DE increased its stake in Rentokil Initial by 23.7% during the 1st quarter. Bank of America Corp DE now owns 864,610 shares of the company’s stock worth $31,567,000 after buying an additional 165,633 shares during the period. Institutional investors and hedge funds own 9.66% of the company’s stock.
Analysts Set New Price Targets
Separately, Bank of America cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $40.00 to $29.00 in a research report on Wednesday, January 24th.
Rentokil Initial Stock Performance
Shares of Rentokil Initial stock opened at $25.56 on Friday. The firm’s 50-day simple moving average is $26.77 and its 200-day simple moving average is $31.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.03 and a current ratio of 1.13. Rentokil Initial plc has a 1 year low of $23.39 and a 1 year high of $41.55.
About Rentokil Initial
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.
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