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

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

Several other institutional investors also recently bought and sold shares of the business. River Road Asset Management LLC raised its position in shares of Rentokil Initial by 114.2% during the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after purchasing an additional 2,018,866 shares during the last quarter. Gates Capital Management Inc. raised its holdings in shares of Rentokil Initial by 21.0% during the fourth quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock valued at $158,453,000 after acquiring an additional 1,084,845 shares during the last quarter. Snyder Capital Management L P acquired a new position in shares of Rentokil Initial during the fourth quarter valued at approximately $24,297,000. Rockefeller Capital Management L.P. boosted its stake in shares of Rentokil Initial by 109.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock worth $27,636,000 after acquiring an additional 570,330 shares during the last quarter. Finally, Voss Capital LP boosted its stake in shares of Rentokil Initial by 21.2% in the fourth quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock worth $78,246,000 after acquiring an additional 540,287 shares during the last quarter. 9.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RTO. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. Sanford C. Bernstein lowered 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, two have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Rentokil Initial presently has an average rating of "Moderate Buy".

Rentokil Initial Trading Down 1.7%

Shares of RTO traded down $0.42 during midday trading on Monday, hitting $24.00. 770,530 shares of the stock were exchanged, compared to its average volume of 785,490. The firm has a market cap of $12.12 billion, a P/E ratio of 15.89 and a beta of 0.95. 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 stock has a fifty day simple moving average of $23.51 and a 200 day simple moving average of $23.81. Rentokil Initial PLC has a 52-week low of $19.60 and a 52-week high of $34.07.

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.