Rentokil Initial PLC $RTO Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 110.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,722 shares of the company’s stock after acquiring an additional 26,571 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Rentokil Initial were worth $1,597,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Rentokil Initial by 222.2% during 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 during the last quarter. GAMMA Investing LLC lifted its position in Rentokil Initial by 76.5% during the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $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 position in Rentokil Initial during the fourth quarter worth approximately $39,000. IFP Advisors Inc lifted its position in Rentokil Initial by 53.8% during the third quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock worth $50,000 after buying an additional 690 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Rentokil Initial by 296.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock worth $58,000 after buying an additional 1,461 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RTO shares. Oppenheimer raised their target price on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 10th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Zacks Research lowered shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a research report on Wednesday, June 24th. Finally, Rothschild & Co Redburn raised shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Rentokil Initial has a consensus rating of “Moderate Buy” and an average target price of $34.50.

Rentokil Initial Trading Down 0.6%

Shares of Rentokil Initial stock opened at $28.74 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. Rentokil Initial PLC has a 52 week low of $22.72 and a 52 week high of $34.67. The business’s fifty day simple moving average is $31.30 and its 200-day simple moving average is $31.34.

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.