Cromwell Holdings LLC Makes New $59,000 Investment in Rentokil Initial plc (NYSE:RTO)

Cromwell Holdings LLC bought a new position in Rentokil Initial plc (NYSE:RTO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,321 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTO. Allspring Global Investments Holdings LLC grew its position in Rentokil Initial by 40.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,040 shares of the company’s stock worth $101,000 after purchasing an additional 1,164 shares during the last quarter. Whittier Trust Co. grew its position in Rentokil Initial by 200.8% in the 3rd quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock worth $57,000 after purchasing an additional 1,518 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in Rentokil Initial in the 3rd quarter worth about $25,764,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Rentokil Initial in the 3rd quarter worth about $734,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Rentokil Initial by 31.9% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 16,988 shares of the company’s stock worth $424,000 after purchasing an additional 4,107 shares during the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $26.19 on Friday. The firm has a 50 day simple moving average of $25.04 and a 200-day simple moving average of $26.32. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a 12-month low of $22.40 and a 12-month high of $34.07.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

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.