Valley Wealth Managers Inc. Makes New $29,000 Investment in Rentokil Initial plc (NYSE:RTO)

Valley Wealth Managers Inc. acquired a new stake in Rentokil Initial plc (NYSE:RTO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,166 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors have also recently made changes to their positions in the business. River Road Asset Management LLC bought a new position in Rentokil Initial in the 3rd quarter worth approximately $44,055,000. Lazard Asset Management LLC boosted its position in shares of Rentokil Initial by 345,196.7% during the first quarter. Lazard Asset Management LLC now owns 1,560,741 shares of the company’s stock worth $47,056,000 after acquiring an additional 1,560,289 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Rentokil Initial by 130.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,839,135 shares of the company’s stock valued at $54,530,000 after acquiring an additional 1,041,860 shares during the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Rentokil Initial during the 3rd quarter valued at about $25,764,000. Finally, Nicholas Company Inc. purchased a new position in shares of Rentokil Initial during the second quarter valued at about $6,093,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analyst Ratings Changes

RTO has been the topic of a number of research reports. Barclays raised Rentokil Initial to a “strong-buy” rating in a research note on Friday, July 26th. Sanford C. Bernstein upgraded shares of Rentokil Initial from an “underperform” rating to a “market perform” rating in a research report on Monday, July 22nd. Finally, Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Rentokil Initial presently has an average rating of “Hold” and a consensus target price of $29.00.

Rentokil Initial Stock Performance

Shares of NYSE:RTO opened at $25.53 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The business has a 50 day simple moving average of $25.17 and a two-hundred day simple moving average of $27.91. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07.

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.