Envestnet Asset Management Inc. Has $17.82 Million Stock Position in Rentokil Initial PLC (NYSE:RTO)

Envestnet Asset Management Inc. increased its holdings in Rentokil Initial PLC (NYSE:RTO - Free Report) by 23.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 777,926 shares of the company's stock after acquiring an additional 149,599 shares during the period. Envestnet Asset Management Inc. owned about 0.15% of Rentokil Initial worth $17,815,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gates Capital Management Inc. increased its stake in shares of Rentokil Initial by 21.0% during the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock worth $158,453,000 after purchasing an additional 1,084,845 shares during the last quarter. Voss Capital LP boosted its holdings in Rentokil Initial by 21.2% in the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock worth $78,246,000 after buying an additional 540,287 shares during the period. MIG Capital LLC boosted its holdings in Rentokil Initial by 29.1% in the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock worth $39,091,000 after buying an additional 347,882 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in Rentokil Initial by 109.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock worth $27,636,000 after buying an additional 570,330 shares during the period. Finally, Snyder Capital Management L P bought a new position in Rentokil Initial in the 4th quarter worth approximately $24,297,000. Institutional investors and hedge funds own 9.91% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Rentokil Initial Stock Performance

NYSE RTO opened at $23.36 on Friday. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $34.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.72 and a current ratio of 0.81. The company has a market capitalization of $11.80 billion, a P/E ratio of 15.47 and a beta of 0.94. The company has a fifty day moving average of $23.60 and a 200-day moving average of $23.64.

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.

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