Maverick Capital Ltd. Invests $14.82 Million in Rentokil Initial plc (NYSE:RTO)

Maverick Capital Ltd. bought a new stake in Rentokil Initial plc (NYSE:RTO) during the third quarter, Holdings Channel.com reports. The fund bought 594,459 shares of the company’s stock, valued at approximately $14,820,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares in the last quarter. Anthracite Investment Company Inc. raised its stake in Rentokil Initial by 211.3% in the third quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock valued at $5,345,000 after purchasing an additional 145,528 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Rentokil Initial by 165.8% in the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock valued at $1,386,000 after purchasing an additional 34,687 shares in the last quarter. Veracity Capital LLC purchased a new stake in Rentokil Initial in the third quarter valued at approximately $644,000. Finally, Sanctuary Advisors LLC purchased a new stake in Rentokil Initial in the second quarter valued at approximately $870,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Stock Down 0.7 %

RTO stock opened at $25.54 on Friday. Rentokil Initial plc has a one year low of $22.40 and a one year high of $34.07. The company’s 50 day moving average price is $25.11 and its two-hundred day moving average price is $27.88. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Five research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.