Nichols & Pratt Advisers LLP MA Buys 78,953 Shares of Rentokil Initial plc (NYSE:RTO)

Nichols & Pratt Advisers LLP MA increased its holdings in shares of Rentokil Initial plc (NYSE:RTO) by 11.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 793,679 shares of the company’s stock after buying an additional 78,953 shares during the quarter. Rentokil Initial makes up approximately 1.3% of Nichols & Pratt Advisers LLP MA’s investment portfolio, making the stock its 25th largest position. Nichols & Pratt Advisers LLP MA’s holdings in Rentokil Initial were worth $20,096,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Valley Wealth Managers Inc. bought a new stake in shares of Rentokil Initial in the third quarter valued at $29,000. Assetmark Inc. purchased a new position in shares of Rentokil Initial in the third quarter valued at $36,000. Sunbelt Securities Inc. grew its position in shares of Rentokil Initial by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 1,737 shares of the company’s stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. CENTRAL TRUST Co grew its position in shares of Rentokil Initial by 15,208.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,837 shares of the company’s stock valued at $47,000 after purchasing an additional 1,825 shares in the last quarter. Finally, Cromwell Holdings LLC purchased a new position in shares of Rentokil Initial in the fourth quarter valued at $59,000. 9.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Rentokil Initial Stock Up 3.2 %

Rentokil Initial stock opened at $25.13 on Friday. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 7.95 and a beta of 1.08. The stock has a fifty day simple moving average of $24.99 and a two-hundred day simple moving average of $26.16. Rentokil Initial plc has a 12 month low of $22.40 and a 12 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.

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.