First Foundation Advisors Makes New $339,000 Investment 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 purchased a new position in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,803 shares of the company's stock, valued at approximately $339,000.

A number of other hedge funds have also made changes to their positions in RTO. MML Investors Services LLC boosted its holdings in Rentokil Initial by 0.8% in the fourth quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock worth $2,296,000 after purchasing an additional 704 shares during the period. Whittier Trust Co. boosted its holdings in shares of Rentokil Initial by 8.0% during the first quarter. Whittier Trust Co. now owns 13,043 shares of the company's stock valued at $299,000 after acquiring an additional 967 shares during the period. Russell Investments Group Ltd. boosted its holdings 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 during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Rentokil Initial by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 19,174 shares of the company's stock valued at $485,000 after acquiring an additional 1,523 shares during the period. Finally, Keystone Financial Services boosted its holdings in shares of Rentokil Initial by 22.0% during the first quarter. Keystone Financial Services now owns 11,392 shares of the company's stock valued at $261,000 after acquiring an additional 2,057 shares during the period. Institutional investors and hedge funds own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of NYSE RTO traded down $1.03 during midday trading on Friday, reaching $23.74. 891,506 shares of the company traded hands, 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 moving average price of $23.79 and a 200 day moving average price of $23.62. Rentokil Initial PLC has a 52 week low of $19.60 and a 52 week high of $34.07. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 15.72 and a beta of 0.92.

Analysts Set New Price Targets

RTO has been the subject of several analyst reports. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research note on Monday, July 21st.

Rentokil Initial Company 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.