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

Janney Montgomery Scott LLC acquired a new stake in shares of Rentokil Initial PLC (NYSE:RTO) in the first quarter, Holdings Channel.com reports. The firm acquired 24,225 shares of the company’s stock, valued at approximately $763,000.

A number of other hedge funds have also recently modified their holdings of RTO. Caitong International Asset Management Co. Ltd grew its holdings in Rentokil Initial by 222.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock worth $34,000 after acquiring an additional 802 shares during the period. GAMMA Investing LLC lifted its holdings in Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after acquiring an additional 534 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Rentokil Initial in the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its position in Rentokil Initial by 296.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,954 shares of the company’s stock worth $58,000 after purchasing an additional 1,461 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock worth $50,000 after purchasing an additional 690 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

RTO has been the subject of several recent research reports. Wall Street Zen raised shares of Rentokil Initial from a “hold” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Monday, July 6th. Zacks Research downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a research report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

Rentokil Initial Price Performance

Shares of RTO opened at $29.59 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. Rentokil Initial PLC has a 12 month low of $22.77 and a 12 month high of $34.67. The stock’s 50 day moving average is $30.51 and its two-hundred day moving average is $31.37.

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.