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

Veracity Capital LLC cut its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,886 shares of the company’s stock after selling 2,961 shares during the quarter. Veracity Capital LLC’s holdings in Rentokil Initial were worth $579,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Valley Wealth Managers Inc. acquired a new position in Rentokil Initial during the 3rd quarter valued at $29,000. Northwestern Mutual Wealth Management Co. increased its holdings 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. acquired a new position in shares of Rentokil Initial during the third quarter valued at about $36,000. Sunbelt Securities Inc. bought a new stake in shares of Rentokil Initial in the second quarter valued at about $40,000. Finally, Whittier Trust Co. grew its position 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 institutional investors.

Analyst Ratings Changes

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

Rentokil Initial Price Performance

Shares of Rentokil Initial stock opened at $23.92 on Friday. The firm’s 50-day simple moving average is $25.28 and its 200-day simple moving average is $27.04. Rentokil Initial plc has a twelve month low of $22.40 and a twelve month high of $34.07. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of 0.75.

About Rentokil Initial

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.