Patriot Financial Group Insurance Agency LLC Increases Position in Rentokil Initial PLC $RTO

Patriot Financial Group Insurance Agency LLC grew its position in shares of Rentokil Initial PLC (NYSE:RTO) by 110.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,722 shares of the company’s stock after purchasing an additional 26,571 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Rentokil Initial were worth $1,597,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of RTO. Jane Street Group LLC lifted its stake in Rentokil Initial by 292.0% during the 1st quarter. Jane Street Group LLC now owns 117,341 shares of the company’s stock worth $2,687,000 after acquiring an additional 87,405 shares in the last quarter. Creative Planning acquired a new position in Rentokil Initial in the 2nd quarter valued at about $393,000. JPMorgan Chase & Co. increased its stake in Rentokil Initial by 2,549.7% during the second quarter. JPMorgan Chase & Co. now owns 93,165 shares of the company’s stock worth $2,236,000 after purchasing an additional 89,649 shares during the period. Russell Investments Group Ltd. increased its stake in Rentokil Initial by 40.0% during the second quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock worth $110,000 after purchasing an additional 1,309 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Rentokil Initial by 19.7% during the second quarter. M&T Bank Corp now owns 10,557 shares of the company’s stock worth $253,000 after purchasing an additional 1,736 shares in the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Rentokil Initial Trading Down 0.6%

RTO stock opened at $28.74 on Tuesday. The business’s 50-day moving average is $31.30 and its two-hundred day moving average is $31.34. The company has a quick ratio of 1.07, a current ratio of 1.16 and a debt-to-equity ratio of 0.76. Rentokil Initial PLC has a 1 year low of $22.72 and a 1 year high of $34.67.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Rentokil Initial in a research note on Wednesday, June 24th. Oppenheimer increased their target price on shares of Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. UBS Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a research report on Thursday, March 12th. Rothschild & Co Redburn upgraded shares of Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Finally, Zacks Research downgraded shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Rentokil Initial presently has an average rating of “Moderate Buy” and an average target price of $34.50.

Rentokil Initial Company Profile

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.