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

Brown Advisory Inc. lowered its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 16.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,500,919 shares of the company's stock after selling 694,666 shares during the period. Brown Advisory Inc. owned 0.69% of Rentokil Initial worth $80,171,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RTO. Smartleaf Asset Management LLC grew its holdings in Rentokil Initial by 486.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,942 shares of the company's stock worth $49,000 after purchasing an additional 1,611 shares during the period. Jones Financial Companies Lllp grew its holdings in Rentokil Initial by 37.1% during the fourth quarter. Jones Financial Companies Lllp now owns 9,035 shares of the company's stock worth $229,000 after purchasing an additional 2,446 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Rentokil Initial by 70.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,866 shares of the company's stock worth $883,000 after purchasing an additional 14,389 shares during the period. Assetmark Inc. boosted its holdings in shares of Rentokil Initial by 1,475.8% during the fourth quarter. Assetmark Inc. now owns 22,944 shares of the company's stock worth $581,000 after acquiring an additional 21,488 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Rentokil Initial during the fourth quarter worth approximately $11,436,000. Institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Shares of NYSE:RTO traded up $0.35 during trading on Thursday, reaching $23.36. 976,421 shares of the stock were exchanged, compared to its average volume of 793,440. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $34.07. The firm has a market cap of $11.79 billion, a PE ratio of 15.47 and a beta of 0.94. The stock has a 50-day moving average price of $23.67 and a 200-day moving average price of $23.72. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a report on Thursday, May 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.