Rentokil Initial plc (NYSE:RTO) Stock Position Raised by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC grew its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,000 shares of the company’s stock after purchasing an additional 35,100 shares during the period. Rentokil Initial makes up about 4.7% of ABS Direct Equity Fund LLC’s holdings, making the stock its 4th biggest position. ABS Direct Equity Fund LLC’s holdings in Rentokil Initial were worth $4,051,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RTO. Valley Wealth Managers Inc. purchased a new position in Rentokil Initial in the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Rentokil Initial by 403.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock worth $31,000 after purchasing an additional 843 shares during the period. Assetmark Inc. purchased a new position in shares of Rentokil Initial in the 3rd quarter valued at about $36,000. Sunbelt Securities Inc. acquired a new stake in shares of Rentokil Initial in the second quarter valued at about $40,000. Finally, Whittier Trust Co. boosted its holdings in Rentokil Initial by 200.8% during the third quarter. Whittier Trust Co. now owns 2,274 shares of the company’s stock worth $57,000 after buying an additional 1,518 shares in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $24.42 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75. The firm’s 50-day simple moving average is $25.22 and its 200 day simple moving average is $26.93. Rentokil Initial plc has a 52 week low of $22.40 and a 52 week high of $34.07.

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.