Sumitomo Mitsui Trust Group Inc. Sells 19,833 Shares of Rentokil Initial PLC (NYSE:RTO)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Rentokil Initial PLC (NYSE:RTO - Free Report) by 32.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,847 shares of the company's stock after selling 19,833 shares during the quarter. Sumitomo Mitsui Trust Group Inc.'s holdings in Rentokil Initial were worth $958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTO. Smartleaf Asset Management LLC boosted 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 valued at $49,000 after acquiring an additional 1,611 shares in the last quarter. Wealthquest Corp acquired a new stake in Rentokil Initial during the first quarter valued at approximately $66,000. Russell Investments Group Ltd. grew its stake in shares of Rentokil Initial by 63.9% in the 4th quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock valued at $83,000 after purchasing an additional 1,281 shares during the period. Versant Capital Management Inc acquired a new position in shares of Rentokil Initial in the 1st quarter worth approximately $143,000. Finally, King Luther Capital Management Corp bought a new position in shares of Rentokil Initial during the 4th quarter worth approximately $216,000. Institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

NYSE RTO opened at $24.11 on Friday. The firm has a market cap of $12.17 billion, a price-to-earnings ratio of 15.97 and a beta of 0.94. 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 PLC has a 1-year low of $19.60 and a 1-year high of $34.07. The company has a 50 day moving average of $23.63 and a 200-day moving average of $23.76.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein lowered 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 assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

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.

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