Crossmark Global Holdings Inc. Invests $334,000 in Rentokil Initial plc (NYSE:RTO)

Crossmark Global Holdings Inc. acquired a new position in shares of Rentokil Initial plc (NYSE:RTO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,391 shares of the company’s stock, valued at approximately $334,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in Rentokil Initial in the second quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Rentokil Initial by 403.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after buying an additional 843 shares during the period. Assetmark Inc. purchased a new position in shares of Rentokil Initial during the 3rd quarter valued at $36,000. GPS Wealth Strategies Group LLC purchased a new stake in Rentokil Initial in the 2nd quarter worth about $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in Rentokil Initial in the 2nd quarter worth about $40,000. Institutional investors own 9.91% of the company’s stock.

Analysts Set New Price Targets

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

Rentokil Initial Stock Down 0.4 %

Shares of RTO opened at $25.53 on Monday. 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. The business’s 50-day moving average price is $25.17 and its 200-day moving average price is $27.92.

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.