Rentokil Initial PLC (NYSE:RTO) Shares Bought by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT lifted its stake in Rentokil Initial PLC (NYSE:RTO - Free Report) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 828,361 shares of the company's stock after purchasing an additional 99,597 shares during the period. Rentokil Initial accounts for approximately 6.0% of Iridian Asset Management LLC CT's holdings, making the stock its 6th largest holding. Iridian Asset Management LLC CT owned about 0.16% of Rentokil Initial worth $18,969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in RTO. Gates Capital Management Inc. grew its holdings 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 purchasing an additional 1,084,845 shares during the period. River Road Asset Management LLC boosted its holdings in shares of Rentokil Initial by 114.2% during the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after acquiring an additional 2,018,866 shares during the period. Voss Capital LP boosted its holdings in shares of Rentokil Initial by 21.2% during the fourth quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock worth $78,246,000 after acquiring an additional 540,287 shares during the period. MIG Capital LLC boosted its stake in shares of Rentokil Initial by 29.1% in the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock valued at $39,091,000 after buying an additional 347,882 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in 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 worth $27,636,000 after purchasing an additional 570,330 shares during the last quarter. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Trading Down 1.4%

Rentokil Initial stock traded down $0.33 during trading hours on Friday, reaching $23.05. 29,824 shares of the company's stock were exchanged, compared to its average volume of 790,450. 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 firm's 50 day simple moving average is $23.67 and its 200 day simple moving average is $23.72. Rentokil Initial PLC has a twelve month low of $19.60 and a twelve month high of $34.07. The firm has a market capitalization of $11.64 billion, a PE ratio of 15.27 and a beta of 0.94.

Analysts Set New Price Targets

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