Rentokil Initial (NYSE:RTO) Shares Gap Up to $30.48

Rentokil Initial plc (NYSE:RTO – Get Rating)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $30.48, but opened at $33.08. Rentokil Initial shares last traded at $33.25, with a volume of 127,651 shares.

Analyst Ratings Changes

Separately, Barclays began coverage on Rentokil Initial in a research report on Tuesday, March 7th. They set an “overweight” rating on the stock.

Rentokil Initial Stock Down 1.4 %

The stock has a 50-day moving average of $30.96.

Hedge Funds Weigh In On Rentokil Initial

A number of institutional investors have recently made changes to their positions in RTO. Parallel Advisors LLC acquired a new position in shares of Rentokil Initial in the 4th quarter valued at approximately $26,000. Delta Asset Management LLC TN acquired a new position in shares of Rentokil Initial in the 4th quarter valued at approximately $27,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Rentokil Initial in the 4th quarter valued at approximately $32,000. Lindbrook Capital LLC acquired a new position in shares of Rentokil Initial in the 4th quarter valued at approximately $34,000. Finally, Ellevest Inc. acquired a new position in shares of Rentokil Initial in the 4th quarter valued at approximately $36,000. 0.41% of the stock is owned by institutional investors and hedge funds.

About Rentokil Initial

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Rentokil Initial Plc engages in the provision of business support services. Its products and services protect people from the pest-borne disease and the risks of poor hygiene. It operates through the following geographical segments: France, Benelux, Germany, Southern Europe, and Latin America. The firm focuses on route-based services, predominately in pest control and hygiene as well as other smaller services including plants, medical, property care.