Veracity Capital LLC Has $579,000 Stock Position in Rentokil Initial plc (NYSE:RTO)

Veracity Capital LLC cut its position in Rentokil Initial plc (NYSE:RTO) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,886 shares of the company’s stock after selling 2,961 shares during the period. Veracity Capital LLC’s holdings in Rentokil Initial were worth $579,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC bought a new stake in Rentokil Initial during the 3rd quarter worth approximately $44,055,000. The Manufacturers Life Insurance Company increased its stake in shares of Rentokil Initial by 130.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after buying an additional 1,041,860 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Rentokil Initial in the third quarter valued at about $25,764,000. Janus Henderson Group PLC lifted its position in Rentokil Initial by 3.8% during the 3rd quarter. Janus Henderson Group PLC now owns 16,990,179 shares of the company’s stock worth $423,573,000 after buying an additional 617,227 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in Rentokil Initial in the 3rd quarter valued at about $14,820,000. 9.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Rentokil Initial presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Rentokil Initial Stock Performance

Rentokil Initial stock opened at $23.92 on Friday. Rentokil Initial plc has a 12-month low of $22.40 and a 12-month high of $34.07. The business’s 50-day simple moving average is $25.28 and its 200 day simple moving average is $27.04. 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 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.