Envestnet Asset Management Inc. Increases Holdings in Rentokil Initial PLC (NYSE:RTO)

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

A number of other institutional investors and hedge funds also recently modified their holdings of RTO. Nichols & Pratt Advisers LLP MA grew its holdings in Rentokil Initial by 0.8% during the first quarter. Nichols & Pratt Advisers LLP MA now owns 800,103 shares of the company's stock valued at $18,331,000 after purchasing an additional 6,424 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Rentokil Initial by 9.4% in the first quarter. OneDigital Investment Advisors LLC now owns 38,196 shares of the company's stock worth $875,000 after acquiring an additional 3,267 shares during the period. Vontobel Holding Ltd. bought a new position in shares of Rentokil Initial in the first quarter worth $279,000. Hicks Capital Management LLC bought a new position in shares of Rentokil Initial in the first quarter worth $644,000. Finally, Balefire LLC boosted its holdings in shares of Rentokil Initial by 8.8% in the first quarter. Balefire LLC now owns 83,113 shares of the company's stock worth $1,903,000 after acquiring an additional 6,750 shares during the period. 9.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on RTO shares. Sanford C. Bernstein lowered 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 research note on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Rentokil Initial currently has a consensus rating of "Moderate Buy".

Rentokil Initial Price Performance

NYSE RTO traded down $0.08 during trading hours on Monday, reaching $23.76. 631,995 shares of the stock traded hands, compared to its average volume of 799,214. The stock has a 50 day simple moving average of $23.61 and a two-hundred day simple moving average of $23.61. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $34.07. 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 company has a market cap of $12.00 billion, a price-to-earnings ratio of 15.73 and a beta of 0.94.

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.