Rentokil Initial plc (NYSE:RTO) Shares Acquired by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC increased its position in shares of Rentokil Initial plc (NYSE:RTO - Free Report) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,000 shares of the company's stock after acquiring an additional 35,100 shares during the quarter. Rentokil Initial accounts for about 4.7% of ABS Direct Equity Fund LLC's holdings, making the stock its 4th largest position. ABS Direct Equity Fund LLC's holdings in Rentokil Initial were worth $4,051,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Valley Wealth Managers Inc. acquired a new stake in shares of Rentokil Initial in the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. grew its stake in Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company's stock valued at $31,000 after acquiring an additional 843 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Rentokil Initial in the 3rd quarter valued at about $36,000. Sunbelt Securities Inc. acquired a new position in shares of Rentokil Initial in the 2nd quarter valued at about $40,000. Finally, Whittier Trust Co. lifted its position in shares of Rentokil Initial by 200.8% in the third quarter. Whittier Trust Co. now owns 2,274 shares of the company's stock worth $57,000 after purchasing an additional 1,518 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Trading Up 1.5 %

RTO stock traded up $0.37 during trading hours on Tuesday, hitting $24.80. The company's stock had a trading volume of 1,040,775 shares, compared to its average volume of 638,216. The stock has a 50 day moving average price of $25.22 and a two-hundred day moving average price of $26.93. 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 12 month low of $22.40 and a 12 month high of $34.07.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Rentokil Initial to a "strong-buy" rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Rentokil Initial 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.