Peapack Gladstone Financial Corp Has $7.55 Million Holdings in Rentokil Initial plc (NYSE:RTO)

Peapack Gladstone Financial Corp boosted its holdings in Rentokil Initial plc (NYSE:RTO) by 5.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 302,919 shares of the company’s stock after purchasing an additional 14,745 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Rentokil Initial were worth $7,552,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in RTO. Rothschild Investment LLC purchased a new stake in shares of Rentokil Initial in the second quarter worth approximately $29,000. Valley Wealth Managers Inc. bought a new stake in Rentokil Initial during the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. raised its position in Rentokil Initial by 403.3% in the 2nd 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 last quarter. Assetmark Inc. bought a new position in Rentokil Initial during the 3rd quarter valued at $36,000. Finally, Sunbelt Securities Inc. purchased a new position in Rentokil Initial during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $26.35 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 stock’s 50 day moving average price is $25.39 and its 200-day moving average price is $27.83. Rentokil Initial plc has a twelve month low of $22.40 and a twelve month high of $34.07.

Analyst Ratings Changes

Separately, Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Rentokil Initial has a consensus rating of “Hold” and a consensus price target of $29.00.

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.