Iridian Asset Management LLC CT Buys 99,597 Shares of Rentokil Initial PLC (NYSE:RTO)

Iridian Asset Management LLC CT boosted its position in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 13.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 828,361 shares of the company's stock after acquiring an additional 99,597 shares during the quarter. Rentokil Initial accounts for approximately 6.0% of Iridian Asset Management LLC CT's investment portfolio, making the stock its 6th biggest position. Iridian Asset Management LLC CT owned 0.16% of Rentokil Initial worth $18,969,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RTO. Smartleaf Asset Management LLC raised its position in shares of Rentokil Initial by 486.7% during 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 in the last quarter. Jones Financial Companies Lllp raised its position in shares of Rentokil Initial by 37.1% during the 4th quarter. Jones Financial Companies Lllp now owns 9,035 shares of the company's stock worth $229,000 after acquiring an additional 2,446 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Rentokil Initial by 70.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,866 shares of the company's stock worth $883,000 after acquiring an additional 14,389 shares in the last quarter. Assetmark Inc. raised its position in shares of Rentokil Initial by 1,475.8% during the 4th quarter. Assetmark Inc. now owns 22,944 shares of the company's stock worth $581,000 after acquiring an additional 21,488 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Rentokil Initial during the 4th quarter worth about $11,436,000. 9.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Sanford C. Bernstein lowered Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has given 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 stock has a consensus rating of "Moderate Buy".

Rentokil Initial Stock Performance

RTO traded down $0.41 during trading on Friday, hitting $22.97. 471,444 shares of the stock were exchanged, compared to its average volume of 794,068. The firm has a market capitalization of $11.60 billion, a P/E ratio of 15.21 and a beta of 0.94. Rentokil Initial PLC has a 1-year low of $19.60 and a 1-year high of $34.07. The stock has a fifty day moving average price of $23.65 and a two-hundred day moving average price of $23.70. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59.

About Rentokil Initial

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.