ABS Direct Equity Fund LLC Reduces Position in Rentokil Initial PLC (NYSE:RTO)

ABS Direct Equity Fund LLC lessened its stake in Rentokil Initial PLC (NYSE:RTO - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,000 shares of the company's stock after selling 15,000 shares during the period. Rentokil Initial makes up about 4.4% of ABS Direct Equity Fund LLC's holdings, making the stock its 4th biggest holding. ABS Direct Equity Fund LLC's holdings in Rentokil Initial were worth $3,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. River Road Asset Management LLC increased its stake 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 period. Gates Capital Management Inc. boosted its holdings in shares of 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. Snyder Capital Management L P bought a new stake in shares of Rentokil Initial in the fourth quarter worth about $24,297,000. Rockefeller Capital Management L.P. increased its holdings in Rentokil Initial by 109.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company's stock valued at $27,636,000 after purchasing an additional 570,330 shares during the period. Finally, Voss Capital LP raised its position in Rentokil Initial by 21.2% during the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock valued at $78,246,000 after purchasing an additional 540,287 shares during the last quarter. Institutional investors own 9.91% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on RTO shares. Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Rentokil Initial currently has a consensus rating of "Moderate Buy".

Rentokil Initial Stock Down 1.0%

Shares of NYSE:RTO traded down $0.24 during trading on Wednesday, hitting $23.22. The stock had a trading volume of 516,508 shares, compared to its average volume of 776,718. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $34.07. The company has a market capitalization of $11.72 billion, a PE ratio of 15.37 and a beta of 0.95. The firm's fifty day moving average is $23.30 and its 200 day moving average is $23.97.

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.