Janney Montgomery Scott LLC Makes New $763,000 Investment in Rentokil Initial PLC $RTO

Janney Montgomery Scott LLC purchased a new position in shares of Rentokil Initial PLC (NYSE:RTO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,225 shares of the company’s stock, valued at approximately $763,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of Rentokil Initial by 222.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock worth $34,000 after purchasing an additional 802 shares in the last quarter. GAMMA Investing LLC increased its position in Rentokil Initial by 76.5% during the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after buying an additional 534 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Rentokil Initial in the fourth quarter valued at about $39,000. IFP Advisors Inc raised its stake in Rentokil Initial by 53.8% in the third quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after buying an additional 690 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Rentokil Initial by 296.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock worth $58,000 after acquiring an additional 1,461 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Trading Down 0.2%

Shares of NYSE:RTO opened at $29.59 on Tuesday. Rentokil Initial PLC has a twelve month low of $22.77 and a twelve month high of $34.67. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $30.51 and its 200 day moving average is $31.37.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RTO shares. The Goldman Sachs Group upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Monday, July 6th. Zacks Research cut shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Rentokil Initial in a research report on Wednesday, June 24th. Finally, Wall Street Zen raised shares of Rentokil Initial from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.50.

About Rentokil Initial

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.