Pullen Investment Management LLC Purchases New Holdings in Rentokil Initial PLC (NYSE:RTO)

Pullen Investment 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 and Exchange Commission (SEC). The fund purchased 48,634 shares of the company's stock, valued at approximately $1,114,000.

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

Rentokil Initial Price Performance

RTO traded down $0.37 during trading on Tuesday, hitting $23.49. The company's stock had a trading volume of 588,360 shares, compared to its average volume of 777,758. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 15.56 and a beta of 0.95. The firm's 50 day moving average price is $23.30 and its two-hundred day moving average price is $23.97. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $34.07.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RTO shares. Sanford C. Bernstein cut shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Rentokil Initial in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.