Rentokil Initial plc (NYSE:RTO) Shares Purchased by Bar Harbor Wealth Management

Bar Harbor Wealth Management grew its stake in shares of Rentokil Initial plc (NYSE:RTO) by 4.0% during the fourth quarter, Holdings Channel reports. The firm owned 327,237 shares of the company’s stock after purchasing an additional 12,464 shares during the period. Bar Harbor Wealth Management’s holdings in Rentokil Initial were worth $8,286,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC purchased a new position in Rentokil Initial during the 4th quarter worth $271,000. JPMorgan Chase & Co. increased its position in shares of Rentokil Initial by 160.4% in the third quarter. JPMorgan Chase & Co. now owns 6,803 shares of the company’s stock valued at $170,000 after buying an additional 4,190 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in shares of Rentokil Initial by 5.1% in the third quarter. Peapack Gladstone Financial Corp now owns 302,919 shares of the company’s stock valued at $7,552,000 after purchasing an additional 14,745 shares in the last quarter. Synovus Financial Corp grew its holdings in Rentokil Initial by 88.9% during the 3rd quarter. Synovus Financial Corp now owns 190,025 shares of the company’s stock valued at $4,737,000 after buying an additional 89,452 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Rentokil Initial during the 3rd quarter worth about $295,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on RTO. Redburn Atlantic lowered Rentokil Initial from a “buy” rating to a “neutral” rating in a research note on Thursday, September 19th. Citigroup raised shares of Rentokil Initial to a “strong-buy” rating in a research report on Friday, December 13th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.

Rentokil Initial Stock Performance

Shares of NYSE RTO traded up $0.51 during midday trading on Monday, hitting $23.94. The company’s stock had a trading volume of 578,152 shares, compared to its average volume of 539,867. 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 firm has a market cap of $12.09 billion, a P/E ratio of 16.98, a P/E/G ratio of 7.23 and a beta of 1.08. Rentokil Initial plc has a 1-year low of $22.40 and a 1-year high of $34.07. The firm’s fifty day moving average price is $25.70 and its 200-day moving average price is $27.37.

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.