Millennium Management LLC Sells 27,408 Shares of Rentokil Initial plc (NYSE:RTO)

Millennium Management LLC decreased its holdings in Rentokil Initial plc (NYSE:RTO - Free Report) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,362 shares of the company's stock after selling 27,408 shares during the period. Millennium Management LLC's holdings in Rentokil Initial were worth $1,123,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTO. River Road Asset Management LLC increased its stake in shares of Rentokil Initial by 114.2% in the fourth 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 in the last quarter. Gates Capital Management Inc. increased its stake in shares of Rentokil Initial by 21.0% in the fourth quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock worth $158,453,000 after purchasing an additional 1,084,845 shares in the last quarter. Snyder Capital Management L P purchased a new position in shares of Rentokil Initial in the fourth quarter worth about $24,297,000. Rockefeller Capital Management L.P. increased 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 purchasing an additional 570,330 shares in the last quarter. Finally, Voss Capital LP increased 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 purchasing an additional 540,287 shares in the last quarter. Hedge funds and other institutional investors own 9.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RTO. Sanford C. Bernstein downgraded shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note 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 assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Rentokil Initial Price Performance

NYSE:RTO traded down $0.04 during mid-day trading on Friday, hitting $23.70. 322,622 shares of the stock traded hands, compared to its average volume of 784,662. The business's 50-day moving average price is $22.93 and its 200 day moving average price is $24.06. The company has a market cap of $11.97 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 7.95 and a beta of 0.95. Rentokil Initial plc has a 12-month low of $19.60 and a 12-month high of $34.07. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75.

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.