Harbour Capital Advisors LLC Invests $271,000 in Rentokil Initial plc (NYSE:RTO)

Harbour Capital Advisors LLC purchased a new position in Rentokil Initial plc (NYSE:RTO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,850 shares of the company’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its stake in Rentokil Initial by 15.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 32,673 shares of the company’s stock valued at $969,000 after buying an additional 4,378 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Rentokil Initial by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 799,364 shares of the company’s stock valued at $23,701,000 after buying an additional 101,090 shares in the last quarter. SYSTM Wealth Solutions LLC lifted its holdings in shares of Rentokil Initial by 19.1% during the second quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock valued at $140,000 after purchasing an additional 759 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Rentokil Initial by 12.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,710 shares of the company’s stock worth $403,000 after purchasing an additional 1,477 shares in the last quarter. Finally, XTX Topco Ltd increased its stake in Rentokil Initial by 99.4% in the 2nd quarter. XTX Topco Ltd now owns 16,960 shares of the company’s stock worth $503,000 after purchasing an additional 8,455 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Trading Up 2.2 %

Rentokil Initial stock opened at $23.94 on Tuesday. The company has a 50 day moving average price of $25.66 and a 200 day moving average price of $27.33. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week 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. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 7.23 and a beta of 1.08.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RTO. Citigroup raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.00.

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.