Legacy Capital Wealth Partners LLC Has $292,000 Stock Holdings in Rentokil Initial plc (NYSE:RTO)

Legacy Capital Wealth Partners LLC reduced its stake in shares of Rentokil Initial plc (NYSE:RTO) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,513 shares of the company’s stock after selling 1,120 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Rentokil Initial were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of RTO. River Road Asset Management LLC bought a new stake in Rentokil Initial during the third quarter worth about $44,055,000. Mediolanum International Funds Ltd bought a new stake in shares of Rentokil Initial during the 3rd quarter worth approximately $25,764,000. Janus Henderson Group PLC boosted its position in shares of 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 acquiring an additional 617,227 shares in the last quarter. Maverick Capital Ltd. bought a new position in Rentokil Initial in the third quarter valued at approximately $14,820,000. Finally, Harvey Partners LLC raised its position in Rentokil Initial by 48.3% during the third quarter. Harvey Partners LLC now owns 1,430,000 shares of the company’s stock valued at $35,650,000 after purchasing an additional 465,500 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

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

Rentokil Initial Price Performance

Shares of Rentokil Initial stock opened at $27.04 on Tuesday. The firm’s 50 day moving average is $25.02 and its 200 day moving average is $26.34. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 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.