Janney Montgomery Scott LLC Purchases New Stake in Rentokil Initial plc (NYSE:RTO)

Janney Montgomery Scott LLC purchased a new position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,144 shares of the company's stock, valued at approximately $257,000.

Other hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new stake in shares of Rentokil Initial during the 3rd quarter worth about $29,000. Assetmark Inc. acquired a new stake in shares of Rentokil Initial during the 3rd quarter worth about $36,000. Sunbelt Securities Inc. boosted its stake in shares of Rentokil Initial by 30.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock worth $43,000 after purchasing an additional 402 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Rentokil Initial by 200.8% during the 3rd quarter. Whittier Trust Co. now owns 2,274 shares of the company's stock worth $57,000 after purchasing an additional 1,518 shares during the last quarter. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Rentokil Initial during the 3rd quarter worth about $68,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Trading Up 2.1 %

Shares of RTO traded up $0.55 during mid-day trading on Friday, hitting $27.04. The company had a trading volume of 466,973 shares, compared to its average volume of 568,810. The business's 50-day simple moving average is $25.01 and its 200-day simple moving average is $26.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial plc has a 1-year low of $22.40 and a 1-year high of $34.07.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Rentokil Initial to a "strong-buy" rating in a research report on Friday, December 13th. Four investment 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 company. Based on data from MarketBeat.com, Rentokil Initial currently has a consensus rating of "Moderate Buy".

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.