Rentokil Initial (NYSE:RTO) Reaches New 12-Month Low – Should You Sell?

Shares of Rentokil Initial plc (NYSE:RTO) hit a new 52-week low during trading on Friday . The stock traded as low as $22.22 and last traded at $22.59, with a volume of 2546553 shares traded. The stock had previously closed at $25.15.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Rentokil Initial Stock Down 10.2 %

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The firm’s 50-day moving average price is $24.91 and its 200 day moving average price is $25.94. The firm has a market cap of $11.41 billion, a P/E ratio of 14.96, a PEG ratio of 7.95 and a beta of 1.14.

Hedge Funds Weigh In On Rentokil Initial

A number of large investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after acquiring an additional 617,227 shares during the last quarter. Gates Capital Management Inc. lifted its holdings in Rentokil Initial by 21.0% in the fourth quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company’s stock worth $158,453,000 after acquiring an additional 1,084,845 shares during the last quarter. River Road Asset Management LLC lifted its holdings in Rentokil Initial by 114.2% in the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock worth $95,862,000 after acquiring an additional 2,018,866 shares during the last quarter. Voss Capital LP lifted its holdings in Rentokil Initial by 21.2% in the fourth quarter. Voss Capital LP now owns 3,090,287 shares of the company’s stock worth $78,246,000 after acquiring an additional 540,287 shares during the last quarter. Finally, MIG Capital LLC lifted its holdings in Rentokil Initial by 29.1% in the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company’s stock worth $39,091,000 after acquiring an additional 347,882 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

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.