Rentokil Initial plc (NYSE:RTO) Stake Increased by W.G. Shaheen & Associates DBA Whitney & Co

W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of Rentokil Initial plc (NYSE:RTO) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,461 shares of the company’s stock after acquiring an additional 8,084 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Rentokil Initial were worth $5,506,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in Rentokil Initial by 40.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,040 shares of the company’s stock worth $101,000 after purchasing an additional 1,164 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Rentokil Initial during the 3rd quarter worth approximately $734,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of Rentokil Initial by 31.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,988 shares of the company’s stock worth $424,000 after acquiring an additional 4,107 shares in the last quarter. Iridian Asset Management LLC CT raised its position in shares of Rentokil Initial by 32.6% during the 3rd quarter. Iridian Asset Management LLC CT now owns 719,795 shares of the company’s stock valued at $17,944,000 after acquiring an additional 177,101 shares in the last quarter. Finally, Stephens Inc. AR raised its position in shares of Rentokil Initial by 7.4% during the 3rd quarter. Stephens Inc. AR now owns 406,486 shares of the company’s stock valued at $10,134,000 after acquiring an additional 27,836 shares in the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Rentokil Initial has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Down 3.2 %

Shares of NYSE RTO opened at $25.34 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The firm’s 50-day moving average price is $25.02 and its two-hundred day moving average price is $26.24. Rentokil Initial plc has a 52-week low of $22.40 and a 52-week high of $34.07.

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.