Truist Financial Corp Sells 5,559 Shares of Rentokil Initial plc (NYSE:RTO)

Truist Financial Corp trimmed its position in shares of Rentokil Initial plc (NYSE:RTO) by 36.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,569 shares of the company’s stock after selling 5,559 shares during the period. Truist Financial Corp’s holdings in Rentokil Initial were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley Wealth Managers Inc. bought a new position in Rentokil Initial during the third quarter valued at $29,000. Assetmark Inc. bought a new position in Rentokil Initial during the third quarter valued at $36,000. Sunbelt Securities Inc. grew its holdings in Rentokil Initial by 30.1% during 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 during the period. CENTRAL TRUST Co grew its holdings in Rentokil Initial by 15,208.3% during 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 during the period. Finally, Blue Trust Inc. grew its holdings in Rentokil Initial by 140.4% during the fourth quarter. Blue Trust Inc. now owns 2,402 shares of the company’s stock valued at $60,000 after purchasing an additional 1,403 shares during the period. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $22.59 on Friday. Rentokil Initial plc has a one year low of $22.22 and a one year high of $34.07. The business has a fifty day moving average price of $24.91 and a 200-day moving average price of $25.94. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. The firm has a market capitalization of $11.41 billion, a P/E ratio of 14.96, a PEG ratio of 7.95 and a beta of 1.08.

Analysts Set New Price Targets

Separately, Citigroup raised Rentokil Initial to a “strong-buy” rating in a report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.