2,892 Shares in Rentokil Initial PLC (NYSE:RTO) Acquired by Wealthquest Corp

Wealthquest Corp purchased a new position in shares of Rentokil Initial PLC (NYSE:RTO) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,892 shares of the company’s stock, valued at approximately $66,000.

Several other hedge funds have also added to or reduced their stakes in the company. Pacifica Capital Investments LLC bought a new position in Rentokil Initial during the 4th quarter worth $4,894,000. Norges Bank bought a new position in Rentokil Initial during the 4th quarter worth $1,332,000. Gates Capital Management Inc. increased its stake in Rentokil Initial by 21.0% during the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company’s stock worth $158,453,000 after acquiring an additional 1,084,845 shares during the period. Koss Olinger Consulting LLC bought a new position in Rentokil Initial during the 4th quarter worth $600,000. Finally, Smartleaf Asset Management LLC increased its stake in Rentokil Initial by 486.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company’s stock worth $49,000 after acquiring an additional 1,611 shares during the period. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Trading Down 1.5%

Shares of RTO opened at $23.49 on Thursday. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $34.07. The business’s fifty day moving average is $23.46 and its 200-day moving average is $23.88. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 15.56 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Sanford C. Bernstein lowered Rentokil Initial from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.