Assetmark Inc. lifted its holdings in Rentokil Initial PLC (NYSE:RTO - Free Report) by 260.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 82,693 shares of the company's stock after buying an additional 59,749 shares during the quarter. Assetmark Inc.'s holdings in Rentokil Initial were worth $1,894,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealthquest Corp bought a new stake in shares of Rentokil Initial during the first quarter valued at approximately $66,000. Russell Investments Group Ltd. raised its stake in shares of Rentokil Initial by 63.9% during the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock valued at $83,000 after acquiring an additional 1,281 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Rentokil Initial during the first quarter valued at approximately $143,000. GAMMA Investing LLC raised its stake in shares of Rentokil Initial by 996.0% during the first quarter. GAMMA Investing LLC now owns 9,206 shares of the company's stock valued at $211,000 after acquiring an additional 8,366 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in shares of Rentokil Initial during the fourth quarter valued at approximately $246,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research note on Monday, July 21st.
View Our Latest Analysis on RTO
Rentokil Initial Stock Performance
Shares of RTO traded down $1.03 during trading hours on Friday, reaching $23.74. 891,506 shares of the company traded hands, compared to its average volume of 835,169. The stock has a market capitalization of $11.99 billion, a P/E ratio of 15.72 and a beta of 0.92. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59. Rentokil Initial PLC has a 12-month low of $19.60 and a 12-month high of $34.07. The business has a fifty day moving average price of $23.79 and a 200-day moving average price of $23.62.
Rentokil Initial Company Profile
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Free Report)
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.
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