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

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

A number of other large investors have also recently made changes to their positions in RTO. Allspring Global Investments Holdings LLC purchased a new stake in shares of Rentokil Initial during the first quarter valued at $47,000. Sei Investments Co. raised its holdings in shares of Rentokil Initial by 21.0% in the first quarter. Sei Investments Co. now owns 64,606 shares of the company’s stock valued at $1,948,000 after acquiring an additional 11,202 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Rentokil Initial by 5.7% in the first quarter. Clearbridge Investments LLC now owns 2,015,514 shares of the company’s stock worth $60,768,000 after purchasing an additional 109,561 shares in the last quarter. Toronto Dominion Bank bought a new position in Rentokil Initial in the first quarter worth about $223,000. Finally, Capital World Investors raised its holdings in Rentokil Initial by 6.6% in the first quarter. Capital World Investors now owns 89,776 shares of the company’s stock worth $2,707,000 after purchasing an additional 5,562 shares in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a report on Monday, July 22nd. Barclays upgraded shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Finally, Redburn Atlantic downgraded shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.00.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $26.01 on Tuesday. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $34.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The stock’s 50-day simple moving average is $25.17 and its 200-day simple moving average 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.