Stephens Inc. AR lifted its stake in Rentokil Initial plc (NYSE:RTO - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 431,185 shares of the company's stock after purchasing an additional 24,699 shares during the period. Stephens Inc. AR owned approximately 0.09% of Rentokil Initial worth $10,918,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in RTO. Valley Wealth Managers Inc. acquired a new stake in shares of Rentokil Initial in the third quarter valued at about $29,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company's stock worth $31,000 after buying an additional 843 shares in the last quarter. Assetmark Inc. acquired a new stake in Rentokil Initial in the 3rd quarter valued at about $36,000. Sunbelt Securities Inc. increased its holdings in Rentokil Initial by 30.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company's stock valued at $43,000 after acquiring an additional 402 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in Rentokil Initial by 15,208.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company's stock worth $47,000 after acquiring an additional 1,825 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.
Rentokil Initial Stock Up 2.1 %
RTO traded up $0.55 during midday trading on Thursday, reaching $26.52. 451,243 shares of the company's stock were exchanged, compared to its average volume of 540,808. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The business's 50-day moving average price is $24.99 and its 200 day moving average price is $26.45. 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 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 issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Research Report on Rentokil Initial
Rentokil Initial Profile
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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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