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

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) by 32.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gates Capital Management Inc. increased 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 worth $158,453,000 after acquiring an additional 1,084,845 shares during the period. River Road Asset Management LLC increased its position in Rentokil Initial by 114.2% during the fourth quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company's stock worth $95,862,000 after acquiring an additional 2,018,866 shares during the period. Voss Capital LP increased its position in Rentokil Initial by 21.2% during the fourth quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock worth $78,246,000 after acquiring an additional 540,287 shares during the period. MIG Capital LLC increased its position in Rentokil Initial by 29.1% during the fourth quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock worth $39,091,000 after acquiring an additional 347,882 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in Rentokil Initial by 109.4% during 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 during the period. Institutional investors own 9.91% of the company's stock.

Rentokil Initial Stock Performance

Rentokil Initial stock traded down $0.20 on Wednesday, hitting $22.96. The company's stock had a trading volume of 876,356 shares, compared to its average volume of 790,286. The firm has a market cap of $11.59 billion, a P/E ratio of 15.21 and a beta of 0.94. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $23.66 and a 200-day moving average price of $23.73. Rentokil Initial PLC has a one year low of $19.60 and a one year high of $34.07.

Analysts Set New Price Targets

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

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.