Rentokil Initial (NYSE:RTO) Shares Gap Up – Here’s What Happened

Rentokil Initial plc (NYSE:RTO) shares gapped up before the market opened on Friday . The stock had previously closed at $24.35, but opened at $25.14. Rentokil Initial shares last traded at $25.41, with a volume of 323,392 shares traded.

Analyst Ratings Changes

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

Rentokil Initial Stock Up 3.2 %

The firm has a 50 day simple moving average of $24.99 and a two-hundred day simple moving average of $26.16. The stock has a market capitalization of $12.69 billion, a P/E ratio of 16.65, a PEG ratio of 7.95 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

Institutional Trading of Rentokil Initial

Large investors have recently bought and sold shares of the business. Sunbelt Securities Inc. raised its stake in Rentokil Initial by 30.1% during the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after acquiring an additional 402 shares in the last quarter. Cape Investment Advisory Inc. lifted its stake in Rentokil Initial by 65.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock valued at $38,000 after purchasing an additional 594 shares during the last quarter. MML Investors Services LLC boosted its position in Rentokil Initial by 0.8% in the fourth quarter. MML Investors Services LLC now owns 90,687 shares of the company’s stock valued at $2,296,000 after buying an additional 704 shares in the last quarter. Exencial Wealth Advisors LLC increased its holdings in shares of Rentokil Initial by 2.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company’s stock worth $1,102,000 after buying an additional 972 shares in the last quarter. Finally, Fiduciary Trust Co boosted its holdings in shares of Rentokil Initial by 4.7% during the 3rd quarter. Fiduciary Trust Co now owns 24,072 shares of the company’s stock valued at $600,000 after acquiring an additional 1,070 shares in the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

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.