Alberta Investment Management Corp increased its position in Rentokil Initial plc (NYSE:RTO - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,312,471 shares of the company's stock after purchasing an additional 232,871 shares during the period. Alberta Investment Management Corp owned 0.26% of Rentokil Initial worth $33,232,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley Wealth Managers Inc. bought a new position in shares of Rentokil Initial in the 3rd quarter worth about $29,000. Assetmark Inc. purchased a new stake in Rentokil Initial in the third quarter worth about $36,000. Sunbelt Securities Inc. increased its stake in shares of Rentokil Initial by 30.1% during the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Rentokil Initial by 15,208.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock valued at $47,000 after purchasing an additional 1,825 shares during the last quarter. Finally, Whittier Trust Co. lifted its holdings in shares of Rentokil Initial by 200.8% during the third quarter. Whittier Trust Co. now owns 2,274 shares of the company's stock valued at $57,000 after purchasing an additional 1,518 shares during the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Citigroup upgraded Rentokil Initial to a "strong-buy" rating in a research note on Friday, December 13th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on Rentokil Initial
Rentokil Initial Price Performance
RTO stock traded down $0.84 during trading on Friday, hitting $25.34. 464,655 shares of the stock traded hands, compared to its average volume of 421,404. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The firm's 50 day moving average is $25.02 and its two-hundred day moving average is $26.28.
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.
Featured Stories
Before you consider Rentokil Initial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rentokil Initial wasn't on the list.
While Rentokil Initial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
