Broyhill Asset Management LLC Boosts Holdings in Rentokil Initial PLC $RTO

Broyhill Asset Management LLC grew its position in shares of Rentokil Initial PLC (NYSE:RTO) by 33.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 158,214 shares of the company’s stock after buying an additional 39,759 shares during the quarter. Rentokil Initial makes up approximately 4.1% of Broyhill Asset Management LLC’s portfolio, making the stock its 5th largest position. Broyhill Asset Management LLC’s holdings in Rentokil Initial were worth $4,661,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Rentokil Initial by 76.5% during the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after buying an additional 534 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Rentokil Initial by 171.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock worth $43,000 after buying an additional 1,089 shares in the last quarter. IFP Advisors Inc grew its stake in Rentokil Initial by 53.8% during the third quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock worth $50,000 after buying an additional 690 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Rentokil Initial by 296.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock worth $58,000 after buying an additional 1,461 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new stake in Rentokil Initial during the fourth quarter worth about $84,000. Institutional investors own 9.91% of the company’s stock.

Analyst Ratings Changes

RTO has been the topic of a number of recent analyst reports. Rothschild & Co Redburn upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 11th. Zacks Research upgraded Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Oppenheimer lifted their target price on Rentokil Initial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft cut Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, UBS Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $30.63 on Friday. Rentokil Initial PLC has a one year low of $22.72 and a one year high of $34.67. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. The business’s fifty day moving average price is $32.28 and its 200-day moving average price is $31.22.

Rentokil Initial Company 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.