Liberty One Investment Management LLC Purchases 44,823 Shares of Rentokil Initial PLC $RTO

Liberty One Investment Management LLC grew its holdings in Rentokil Initial PLC (NYSE:RTO) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 625,994 shares of the company’s stock after purchasing an additional 44,823 shares during the quarter. Rentokil Initial comprises 2.0% of Liberty One Investment Management LLC’s portfolio, making the stock its 21st biggest holding. Liberty One Investment Management LLC’s holdings in Rentokil Initial were worth $19,706,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RTO. Bank of America Corp DE lifted its position in shares of Rentokil Initial by 143.5% during the 2nd quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after purchasing an additional 1,073,471 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Rentokil Initial by 501.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 560,332 shares of the company’s stock valued at $14,148,000 after purchasing an additional 467,167 shares during the period. Tower Research Capital LLC TRC grew its holdings in Rentokil Initial by 93,129.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 293,673 shares of the company’s stock valued at $7,048,000 after buying an additional 293,358 shares during the last quarter. UBS Group AG grew its holdings in Rentokil Initial by 124.4% in the 3rd quarter. UBS Group AG now owns 486,396 shares of the company’s stock valued at $12,281,000 after buying an additional 269,676 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Rentokil Initial by 8.4% in the 4th quarter. Schroder Investment Management Group now owns 3,463,470 shares of the company’s stock valued at $103,558,000 after buying an additional 267,204 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen lowered Rentokil Initial from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a research note on Wednesday, June 24th. The Goldman Sachs Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Monday, July 6th. Finally, Zacks Research cut shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.50.

Rentokil Initial Price Performance

RTO stock opened at $29.31 on Friday. Rentokil Initial PLC has a twelve month low of $22.77 and a twelve month high of $34.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. The business’s 50-day simple moving average is $30.00 and its 200 day simple moving average is $31.38.

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.