River Road Asset Management LLC Sells 526,618 Shares of Rentokil Initial PLC $RTO

River Road Asset Management LLC decreased its position in Rentokil Initial PLC (NYSE:RTO) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,180,514 shares of the company’s stock after selling 526,618 shares during the quarter. River Road Asset Management LLC’s holdings in Rentokil Initial were worth $64,238,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Clark Estates Inc. NY acquired a new stake in shares of Rentokil Initial during the third quarter worth $8,332,000. Advisor OS LLC bought a new stake in shares of Rentokil Initial in the third quarter valued at about $1,014,000. Bleakley Financial Group LLC acquired a new position in shares of Rentokil Initial in the third quarter valued at about $1,132,000. Elwood Capital Partners LP grew its stake in shares of Rentokil Initial by 116.4% in the third quarter. Elwood Capital Partners LP now owns 260,319 shares of the company’s stock valued at $6,573,000 after acquiring an additional 140,000 shares in the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. bought a new position in Rentokil Initial during the fourth quarter worth about $1,201,000. Institutional investors own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RTO. Wall Street Zen cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Rothschild & Co Redburn upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft cut shares of Rentokil Initial from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Oppenheimer lifted their price target on shares of Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, March 10th. Finally, UBS Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Rentokil Initial Price Performance

RTO opened at $28.51 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. Rentokil Initial PLC has a 52-week low of $22.72 and a 52-week high of $34.67. The business’s fifty day moving average is $32.02 and its 200-day moving average is $31.31.

Rentokil Initial 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.