ABS Direct Equity Fund LLC Has $3.32 Million Stake in Rentokil Initial plc (NYSE:RTO)

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

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. lifted its position in shares of Rentokil Initial by 65.2% in the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company's stock worth $38,000 after buying an additional 594 shares during the last quarter. MML Investors Services LLC boosted its position in Rentokil Initial by 0.8% during the 4th quarter. MML Investors Services LLC now owns 90,687 shares of the company's stock valued at $2,296,000 after purchasing an additional 704 shares during the period. Exencial Wealth Advisors LLC grew its stake in Rentokil Initial by 2.3% during the 4th quarter. Exencial Wealth Advisors LLC now owns 43,532 shares of the company's stock worth $1,102,000 after buying an additional 972 shares during the last quarter. Russell Investments Group Ltd. increased its position in Rentokil Initial by 63.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after buying an additional 1,281 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Rentokil Initial by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,174 shares of the company's stock worth $485,000 after buying an additional 1,523 shares during the period. Institutional investors and hedge funds own 9.91% of the company's stock.

Analyst Upgrades and Downgrades

RTO has been the subject of several recent research reports. Sanford C. Bernstein lowered shares of Rentokil Initial from a "market perform" rating to an "underperform" rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Rentokil Initial in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Rentokil Initial Stock Performance

Rentokil Initial stock traded down $0.50 during mid-day trading on Friday, hitting $23.38. 889,385 shares of the company's stock traded hands, compared to its average volume of 778,770. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of 0.75. Rentokil Initial plc has a one year low of $19.60 and a one year high of $34.07. The firm has a 50 day moving average price of $23.18 and a 200 day moving average price of $24.00. The company has a market cap of $11.80 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 7.95 and a beta of 0.95.

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.