W.G. Shaheen & Associates DBA Whitney & Co Raises Stake in Rentokil Initial plc (NYSE:RTO)

W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Rentokil Initial plc (NYSE:RTO) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 209,377 shares of the company’s stock after buying an additional 6,401 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Rentokil Initial were worth $5,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. purchased a new stake in Rentokil Initial in the third quarter valued at approximately $29,000. Oppenheimer & Co. Inc. boosted its position in Rentokil Initial by 165.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock worth $1,386,000 after purchasing an additional 34,687 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Rentokil Initial in the 3rd quarter worth approximately $334,000. Assetmark Inc. acquired a new stake in shares of Rentokil Initial during the 3rd quarter worth approximately $36,000. Finally, River Road Asset Management LLC acquired a new stake in shares of Rentokil Initial during the 3rd quarter worth approximately $44,055,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Upgrades and Downgrades

RTO has been the topic of a number of analyst reports. Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Sanford C. Bernstein raised shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Rentokil Initial currently has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Trading Up 1.9 %

Shares of NYSE:RTO opened at $26.01 on Tuesday. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average price is $25.17 and its 200-day moving average price is $27.94.

Rentokil Initial Profile

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.