W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in Rentokil Initial PLC (NYSE:RTO - Free Report) by 5.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,697 shares of the company's stock after acquiring an additional 11,236 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co's holdings in Rentokil Initial were worth $5,237,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Wealthquest Corp bought a new position in shares of Rentokil Initial in the first quarter valued at approximately $66,000. Russell Investments Group Ltd. increased its position in Rentokil Initial by 63.9% during the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after acquiring an additional 1,281 shares during the period. Versant Capital Management Inc bought a new position in Rentokil Initial during the first quarter worth $143,000. GAMMA Investing LLC increased its position in Rentokil Initial by 996.0% during the first quarter. GAMMA Investing LLC now owns 9,206 shares of the company's stock worth $211,000 after acquiring an additional 8,366 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in Rentokil Initial in the 4th quarter valued at $246,000. Institutional investors own 9.91% of the company's stock.
Rentokil Initial Trading Down 1.3%
NYSE:RTO traded down $0.33 on Friday, hitting $25.01. 698,596 shares of the stock were exchanged, compared to its average volume of 726,742. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.72 and a current ratio of 0.81. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 16.56 and a beta of 0.94. The company's 50-day moving average price is $23.77 and its 200 day moving average price is $23.62. Rentokil Initial PLC has a 52 week low of $19.60 and a 52 week high of $34.07.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Rentokil Initial in a research report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy".
Read Our Latest Report on Rentokil Initial
About Rentokil Initial
(
Free Report)
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.
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