First Foundation Advisors Takes Position in Rentokil Initial PLC (NYSE:RTO)

Key Points

• First Foundation Advisors acquired a new stake in Rentokil Initial PLC during Q1, purchasing 14,803 shares for approximately $339,000.
• Rentokil Initial has seen movements in its stock as several hedge funds bought or increased their positions, indicating growing interest from institutional investors.
• The current stock price for Rentokil Initial is $23.34, with a market capitalization of $11.79 billion and a P/E ratio of 15.45.

First Foundation Advisors bought a new stake in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,803 shares of the company's stock, valued at approximately $339,000.

Several other hedge funds also recently modified their holdings of RTO. LPL Financial LLC boosted its position in shares of Rentokil Initial by 8.3% during the fourth quarter. LPL Financial LLC now owns 92,879 shares of the company's stock valued at $2,352,000 after buying an additional 7,155 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Rentokil Initial by 91.1% during the fourth quarter. JPMorgan Chase & Co. now owns 13,003 shares of the company's stock valued at $329,000 after buying an additional 6,200 shares during the last quarter. Norges Bank purchased a new position in shares of Rentokil Initial during the fourth quarter valued at approximately $1,332,000. CIBC Private Wealth Group LLC boosted its position in shares of Rentokil Initial by 10.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 118,689 shares of the company's stock valued at $2,862,000 after buying an additional 10,923 shares during the last quarter. Finally, Motley Fool Asset Management LLC boosted its position in shares of Rentokil Initial by 6.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 472,812 shares of the company's stock valued at $11,972,000 after buying an additional 27,724 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of NYSE RTO traded down $1.03 during trading on Friday, reaching $23.74. 891,506 shares of the stock traded hands, compared to its average volume of 835,169. 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 current ratio of 0.81 and a quick ratio of 0.72. The company has a 50-day moving average of $23.79 and a 200-day moving average of $23.62. The stock has a market capitalization of $11.99 billion, a P/E ratio of 15.72 and a beta of 0.92.

Wall Street Analysts Forecast Growth

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

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.