Hicks Capital Management LLC Invests $644,000 in Rentokil Initial PLC (NYSE:RTO)

Hicks Capital Management LLC bought a new stake in Rentokil Initial PLC (NYSE:RTO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,116 shares of the company's stock, valued at approximately $644,000. Rentokil Initial makes up approximately 0.9% of Hicks Capital Management LLC's investment portfolio, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cape Investment Advisory Inc. grew its stake in shares of Rentokil Initial by 65.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock valued at $38,000 after purchasing an additional 594 shares during the period. MML Investors Services LLC boosted its stake in Rentokil Initial by 0.8% in the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock valued at $2,296,000 after buying an additional 704 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in Rentokil Initial by 2.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock valued at $1,102,000 after acquiring an additional 972 shares during the period. Russell Investments Group Ltd. grew its position in 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. Finally, Dimensional Fund Advisors LP raised its stake in Rentokil Initial by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 19,174 shares of the company's stock worth $485,000 after acquiring an additional 1,523 shares in the last quarter. 9.91% of the stock is owned by institutional investors.

Rentokil Initial Trading Up 3.1%

Shares of RTO opened at $24.22 on Friday. 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 cap of $12.23 billion, a price-to-earnings ratio of 16.04 and a beta of 0.95. The stock has a fifty day moving average price of $23.48 and a two-hundred day moving average price of $23.86. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $34.07.

Wall Street Analysts Forecast Growth

RTO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. Sanford C. Bernstein lowered shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rentokil Initial currently has an average rating of "Moderate Buy".

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.

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