Rentokil Initial PLC (NYSE:RTO) is Iridian Asset Management LLC CT's 6th Largest Position

Iridian Asset Management LLC CT lifted its stake in Rentokil Initial PLC (NYSE:RTO - Free Report) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 828,361 shares of the company's stock after buying an additional 99,597 shares during the period. Rentokil Initial makes up 6.0% of Iridian Asset Management LLC CT's investment portfolio, 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Pacifica Capital Investments LLC acquired a new stake in Rentokil Initial during the 4th quarter worth $4,894,000. Norges Bank acquired a new stake in shares of Rentokil Initial in the 4th quarter worth $1,332,000. Gates Capital Management Inc. lifted its stake in shares of Rentokil Initial by 21.0% in the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company's stock worth $158,453,000 after acquiring an additional 1,084,845 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of Rentokil Initial in the 4th quarter worth $600,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Rentokil Initial by 486.7% in the 4th 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 during the period. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Price Performance

Shares of NYSE RTO traded up $0.29 during midday trading on Thursday, hitting $23.30. The company had a trading volume of 663,564 shares, compared to its average volume of 789,829. 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 business has a 50-day simple moving average of $23.66 and a two-hundred day simple moving average of $23.73. 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 $11.76 billion, a price-to-earnings ratio of 15.43 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein cut shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. One equities 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus 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.