Oppenheimer & Co. Inc. Acquires 34,687 Shares of Rentokil Initial plc (NYSE:RTO)

Oppenheimer & Co. Inc. increased its holdings in Rentokil Initial plc (NYSE:RTO) by 165.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 55,604 shares of the company’s stock after purchasing an additional 34,687 shares during the period. Oppenheimer & Co. Inc.’s holdings in Rentokil Initial were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Janus Henderson Group PLC boosted its holdings in Rentokil Initial by 0.7% in the 1st quarter. Janus Henderson Group PLC now owns 16,139,724 shares of the company’s stock worth $486,610,000 after buying an additional 105,248 shares during the period. Clearbridge Investments LLC boosted its holdings in Rentokil Initial by 5.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company’s stock worth $60,768,000 after buying an additional 109,561 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Rentokil Initial by 130.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock worth $54,530,000 after buying an additional 1,041,860 shares during the period. River Road Asset Management LLC bought a new position in Rentokil Initial in the 3rd quarter worth approximately $44,055,000. Finally, Lazard Asset Management LLC boosted its holdings in Rentokil Initial by 345,196.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock worth $47,056,000 after buying an additional 1,560,289 shares during the period. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Price Performance

Shares of NYSE:RTO opened at $26.01 on Tuesday. The firm has a fifty day moving average price of $25.17 and a two-hundred day moving average price of $27.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial plc has a one year low of $22.40 and a one year high of $34.07.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RTO shares. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $29.00.

Rentokil Initial 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.