Stephens Inc. AR Increases Position in Rentokil Initial plc (NYSE:RTO)

Stephens Inc. AR lifted its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,185 shares of the company’s stock after acquiring an additional 24,699 shares during the quarter. Stephens Inc. AR owned 0.09% of Rentokil Initial worth $10,918,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares during the last quarter. Anthracite Investment Company Inc. grew its position in Rentokil Initial by 211.3% during the third quarter. Anthracite Investment Company Inc. now owns 214,402 shares of the company’s stock valued at $5,345,000 after buying an additional 145,528 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Rentokil Initial by 165.8% during the third quarter. Oppenheimer & Co. Inc. now owns 55,604 shares of the company’s stock worth $1,386,000 after buying an additional 34,687 shares during the last quarter. Veracity Capital LLC bought a new stake in Rentokil Initial in the third quarter worth about $644,000. Finally, Janus Henderson Group PLC boosted its stake in Rentokil Initial by 3.8% in the third quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock valued at $423,573,000 after acquiring an additional 617,227 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Rentokil Initial Stock Performance

Shares of RTO opened at $24.86 on Monday. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $34.07. The business has a 50-day moving average of $25.01 and a 200 day moving average of $26.52. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

Rentokil Initial Company 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.