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

Iridian Asset Management LLC CT raised its holdings in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 828,361 shares of the company's stock after acquiring an additional 99,597 shares during the quarter. 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 0.16% of Rentokil Initial worth $18,969,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. River Road Asset Management LLC increased its position in Rentokil Initial by 114.2% in the 4th 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 during the last quarter. Gates Capital Management Inc. raised its position 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 valued at $158,453,000 after acquiring an additional 1,084,845 shares in the last quarter. Snyder Capital Management L P acquired a new stake in Rentokil Initial in the fourth quarter valued at approximately $24,297,000. Rockefeller Capital Management L.P. grew its position in 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 acquiring an additional 570,330 shares in the last quarter. Finally, Voss Capital LP increased its stake in shares of Rentokil Initial by 21.2% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 9.91% of the company's stock.

Analysts Set New Price Targets

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

Rentokil Initial Price Performance

RTO stock traded down $0.20 on Wednesday, reaching $22.96. 876,356 shares of the company were exchanged, compared to its average volume of 790,286. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $34.07. The stock's fifty day moving average price is $23.66 and its 200 day moving average price is $23.73. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59.

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.