Iridian Asset Management LLC CT Boosts Position in Rentokil Initial plc (NYSE:RTO)

Iridian Asset Management LLC CT boosted its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 728,764 shares of the company’s stock after acquiring an additional 8,969 shares during the quarter. Rentokil Initial accounts for about 4.9% of Iridian Asset Management LLC CT’s portfolio, making the stock its 7th largest position. Iridian Asset Management LLC CT’s holdings in Rentokil Initial were worth $18,452,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC bought a new stake in shares of Rentokil Initial in the 3rd quarter valued at $44,055,000. Mediolanum International Funds Ltd bought a new stake in shares of Rentokil Initial in the 3rd quarter valued at $25,764,000. Janus Henderson Group PLC boosted its stake in shares of Rentokil Initial by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after purchasing an additional 617,227 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Rentokil Initial in the 3rd quarter valued at $14,820,000. Finally, Harvey Partners LLC boosted its stake in shares of Rentokil Initial by 48.3% in the 3rd quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock valued at $35,650,000 after purchasing an additional 465,500 shares during the last quarter. 9.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Down 0.5 %

Shares of RTO stock opened at $24.93 on Friday. The firm has a 50-day moving average of $25.04 and a 200-day moving average of $26.65. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a one year low of $22.40 and a one year high of $34.07.

Rentokil Initial Company 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.