GWN Securities Inc. Acquires Shares of 92,685 Rentokil Initial PLC $RTO

GWN Securities Inc. bought a new position in Rentokil Initial PLC (NYSE:RTO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 92,685 shares of the company’s stock, valued at approximately $2,340,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Rentokil Initial by 416.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,132 shares of the company’s stock worth $27,000 after acquiring an additional 913 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Rentokil Initial by 115.5% in the second quarter. IFP Advisors Inc now owns 1,282 shares of the company’s stock valued at $31,000 after purchasing an additional 687 shares in the last quarter. Cromwell Holdings LLC grew its holdings in shares of Rentokil Initial by 397.3% in the second quarter. Cromwell Holdings LLC now owns 2,546 shares of the company’s stock valued at $61,000 after purchasing an additional 2,034 shares in the last quarter. Russell Investments Group Ltd. increased its position in Rentokil Initial by 40.0% in the second quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock worth $110,000 after purchasing an additional 1,309 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Rentokil Initial by 88.2% during the second quarter. PNC Financial Services Group Inc. now owns 4,723 shares of the company’s stock valued at $113,000 after purchasing an additional 2,213 shares in the last quarter. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $31.45 on Wednesday. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $32.20. The firm has a 50-day simple moving average of $28.60 and a two-hundred day simple moving average of $26.38. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.12 and a quick ratio of 1.03.

Analyst Ratings Changes

A number of brokerages have commented on RTO. Weiss Ratings reissued a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. Morgan Stanley raised shares of Rentokil Initial from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Rentokil Initial in a research note on Friday, November 21st. Jefferies Financial Group upgraded Rentokil Initial to a “strong-buy” rating in a research report on Wednesday, October 8th. Finally, Bank of America raised Rentokil Initial from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Rentokil Initial Profile

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.