First Horizon Advisors Inc. Has $226,000 Position in Rentokil Initial plc (NYSE:RTO)

First Horizon Advisors Inc. lifted its position in shares of Rentokil Initial plc (NYSE:RTO) by 1,001.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,054 shares of the company’s stock after purchasing an additional 8,232 shares during the period. First Horizon Advisors Inc.’s holdings in Rentokil Initial were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Rothschild Investment LLC bought a new position in Rentokil Initial during the second quarter worth about $29,000. Northwestern Mutual Wealth Management Co. lifted its position 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 last quarter. Valley Wealth Managers Inc. bought a new position in shares of Rentokil Initial during the 3rd quarter worth approximately $29,000. GPS Wealth Strategies Group LLC acquired a new position in shares of Rentokil Initial during the 2nd quarter worth approximately $38,000. Finally, Sunbelt Securities Inc. bought a new stake in Rentokil Initial in the 2nd quarter valued at $40,000. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Stock Performance

RTO opened at $25.98 on Friday. The stock has a fifty day moving average of $24.98 and a 200-day moving average of $27.91. Rentokil Initial plc has a fifty-two week low of $22.40 and a fifty-two week high of $34.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Redburn Atlantic cut shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Barclays raised shares of Rentokil Initial to a “strong-buy” rating in a report on Friday, July 26th. Five equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

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.