VisionPoint Advisory Group LLC Buys 7,205 Shares of Rentokil Initial plc (NYSE:RTO)

VisionPoint Advisory Group LLC increased its stake in Rentokil Initial plc (NYSE:RTO) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,363 shares of the company’s stock after purchasing an additional 7,205 shares during the period. VisionPoint Advisory Group LLC’s holdings in Rentokil Initial were worth $1,916,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. bought a new position in shares of Rentokil Initial in the third quarter worth approximately $29,000. Assetmark Inc. bought a new position in shares of Rentokil Initial in the third quarter worth approximately $36,000. Sunbelt Securities Inc. boosted its stake in Rentokil Initial by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock worth $43,000 after buying an additional 402 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Rentokil Initial by 15,208.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company’s stock worth $47,000 after buying an additional 1,825 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Rentokil Initial by 200.8% in the third quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock worth $57,000 after buying an additional 1,518 shares in the last quarter. 9.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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 issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Rentokil Initial presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Trading Down 0.9 %

Shares of RTO opened at $26.19 on Friday. The stock has a 50 day simple moving average of $25.04 and a two-hundred day simple moving average of $26.32. The company has a quick ratio of 0.96, a current ratio of 1.04 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.

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.