Brown Advisory Inc. Has $80.17 Million Stock Holdings in Rentokil Initial PLC (NYSE:RTO)

Brown Advisory Inc. reduced its position in Rentokil Initial PLC (NYSE:RTO - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,500,919 shares of the company's stock after selling 694,666 shares during the period. Brown Advisory Inc. owned about 0.69% of Rentokil Initial worth $80,171,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. MML Investors Services LLC increased its position in shares of 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 acquiring an additional 704 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Rentokil Initial by 63.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after acquiring an additional 1,281 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Rentokil Initial by 8.6% in 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. Smartleaf Asset Management LLC increased its position in shares of Rentokil Initial by 486.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock worth $49,000 after acquiring an additional 1,611 shares in the last quarter. Finally, Keystone Financial Services increased its position in shares of Rentokil Initial by 22.0% in the first quarter. Keystone Financial Services now owns 11,392 shares of the company's stock worth $261,000 after acquiring an additional 2,057 shares in the last quarter. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Stock Down 1.8%

RTO traded down $0.41 on Friday, reaching $22.97. 471,444 shares of the company traded hands, compared to its average volume of 794,068. The stock's 50 day moving average price is $23.65 and its 200-day moving average price is $23.70. 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 $11.60 billion, a price-to-earnings ratio of 15.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.81 and a quick ratio of 0.72.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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.