Brown Advisory Inc. Sells 694,666 Shares of Rentokil Initial PLC (NYSE:RTO)

Brown Advisory Inc. decreased its stake in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,500,919 shares of the company's stock after selling 694,666 shares during the period. Brown Advisory Inc. owned approximately 0.69% of Rentokil Initial worth $80,171,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in shares of Rentokil Initial by 23.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 777,926 shares of the company's stock valued at $17,815,000 after purchasing an additional 149,599 shares in the last quarter. Nichols & Pratt Advisers LLP MA increased its position in shares of Rentokil Initial by 0.8% in the first quarter. Nichols & Pratt Advisers LLP MA now owns 800,103 shares of the company's stock worth $18,331,000 after acquiring an additional 6,424 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Rentokil Initial by 9.4% in the first quarter. OneDigital Investment Advisors LLC now owns 38,196 shares of the company's stock worth $875,000 after acquiring an additional 3,267 shares in the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Rentokil Initial during the first quarter valued at approximately $279,000. Finally, Hicks Capital Management LLC acquired a new stake in shares of Rentokil Initial during the first quarter valued at approximately $644,000. Institutional investors and hedge funds own 9.91% of the company's stock.

Rentokil Initial Stock Down 1.8%

Rentokil Initial stock traded down $0.41 during trading hours on Friday, hitting $22.97. The company had a trading volume of 471,444 shares, compared to its average volume of 795,523. The firm has a market capitalization of $11.60 billion, a P/E 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. The firm's fifty day moving average is $23.65 and its 200-day moving average is $23.69. Rentokil Initial PLC has a fifty-two week low of $19.60 and a fifty-two week high of $34.07.

Wall Street Analyst Weigh In

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

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.