Assetmark Inc. Grows Position in Rentokil Initial PLC (NYSE:RTO)

Assetmark Inc. boosted its stake in Rentokil Initial PLC (NYSE:RTO - Free Report) by 260.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,693 shares of the company's stock after buying an additional 59,749 shares during the period. Assetmark Inc.'s holdings in Rentokil Initial were worth $1,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealthquest Corp acquired a new stake in shares of Rentokil Initial in the first quarter valued at approximately $66,000. Russell Investments Group Ltd. boosted its holdings in shares of Rentokil Initial by 63.9% in 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 during the period. Versant Capital Management Inc acquired a new stake in shares of Rentokil Initial in the first quarter valued at approximately $143,000. GAMMA Investing LLC boosted its holdings in shares of Rentokil Initial by 996.0% in 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 during the period. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new stake in shares of Rentokil Initial in the fourth quarter valued at approximately $246,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Rentokil Initial Trading Down 4.2%

Shares of NYSE RTO traded down $1.03 during mid-day trading on Friday, hitting $23.74. 891,506 shares of the company were exchanged, compared to its average volume of 835,169. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.81 and a quick ratio of 0.72. The stock has a 50 day simple moving average of $23.79 and a 200-day simple moving average of $23.62. Rentokil Initial PLC has a 1-year low of $19.60 and a 1-year high of $34.07.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RTO. Sanford C. Bernstein downgraded Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a report on Monday, July 21st.

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.