Fiduciary Trust Co Boosts Stock Position in Rentokil Initial plc (NYSE:RTO)

Fiduciary Trust Co increased its position in Rentokil Initial plc (NYSE:RTO) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,072 shares of the company’s stock after acquiring an additional 1,070 shares during the quarter. Fiduciary Trust Co’s holdings in Rentokil Initial were worth $600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Rentokil Initial by 7.4% in the second quarter. CWM LLC now owns 5,551 shares of the company’s stock worth $165,000 after purchasing an additional 382 shares in the last quarter. Truist Financial Corp raised its holdings in Rentokil Initial by 2.6% during the second quarter. Truist Financial Corp now owns 16,008 shares of the company’s stock valued at $475,000 after acquiring an additional 401 shares during the period. Signaturefd LLC lifted its position in shares of Rentokil Initial by 3.4% in the second quarter. Signaturefd LLC now owns 12,321 shares of the company’s stock valued at $365,000 after acquiring an additional 406 shares in the last quarter. SYSTM Wealth Solutions LLC boosted its stake in shares of Rentokil Initial by 19.1% in the second quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company’s stock worth $140,000 after acquiring an additional 759 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of Rentokil Initial by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,258 shares of the company’s stock worth $779,000 after purchasing an additional 811 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of RTO stock opened at $25.54 on Friday. The company’s fifty day simple moving average is $25.11 and its two-hundred day simple moving average is $27.89. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week 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.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic cut Rentokil Initial from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.00.

About Rentokil Initial

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.