Michelson Medical Research Foundation Inc. Buys Shares of 180,000 Rentokil Initial plc (NYSE:RTO)

Michelson Medical Research Foundation Inc. purchased a new position in Rentokil Initial plc (NYSE:RTO) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 180,000 shares of the company’s stock, valued at approximately $4,487,000. Rentokil Initial comprises approximately 3.2% of Michelson Medical Research Foundation Inc.’s investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds have also recently made changes to their positions in the stock. Rothschild Investment LLC purchased a new position in Rentokil Initial in the second quarter worth $29,000. Valley Wealth Managers Inc. acquired a new stake in shares of Rentokil Initial in the 3rd quarter worth $29,000. Northwestern Mutual Wealth Management Co. increased its position in Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after buying an additional 843 shares in the last quarter. Assetmark Inc. acquired a new position in Rentokil Initial during the 3rd quarter valued at about $36,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Rentokil Initial in the second quarter valued at about $38,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $25.82 on Wednesday. The business has a fifty day moving average of $25.17 and a 200 day moving average of $27.87. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.00.

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.