Stephens Inc. AR Raises Stake in Rentokil Initial plc (NYSE:RTO)

Stephens Inc. AR raised its stake in shares of Rentokil Initial plc (NYSE:RTO) by 6.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 431,185 shares of the company’s stock after buying an additional 24,699 shares during the quarter. Stephens Inc. AR’s holdings in Rentokil Initial were worth $10,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RTO. Truist Financial Corp grew its stake in Rentokil Initial by 2.6% during the second quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock valued at $475,000 after acquiring an additional 401 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Rentokil Initial by 30.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock valued at $43,000 after purchasing an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Rentokil Initial by 403.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares during the period. Fiduciary Trust Co grew its position 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 purchasing an additional 1,070 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of 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 during the period. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Price Performance

Shares of Rentokil Initial stock opened at $24.86 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The company has a 50 day simple moving average of $25.01 and a two-hundred day simple moving average of $26.52.

Analyst Ratings Changes

Separately, Citigroup raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, December 13th. Four equities research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Rentokil Initial

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.