Vontobel Holding Ltd. bought a new position in shares of Rentokil Initial PLC (NYSE:RTO - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 12,195 shares of the company's stock, valued at approximately $279,000.
A number of other hedge funds also recently made changes to their positions in the business. Gates Capital Management Inc. raised its stake in shares of Rentokil Initial by 21.0% during the 4th 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. River Road Asset Management LLC raised its stake in shares of Rentokil Initial by 114.2% during 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. Voss Capital LP raised its stake in Rentokil Initial by 21.2% in the 4th quarter. Voss Capital LP now owns 3,090,287 shares of the company's stock valued at $78,246,000 after acquiring an additional 540,287 shares during the period. MIG Capital LLC raised its stake in Rentokil Initial by 29.1% in the 4th quarter. MIG Capital LLC now owns 1,543,879 shares of the company's stock valued at $39,091,000 after acquiring an additional 347,882 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Rentokil Initial by 109.4% in 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 acquiring an additional 570,330 shares during the period. 9.91% of the stock is currently owned by institutional investors.
Rentokil Initial Stock Down 1.8%
Rentokil Initial stock traded down $0.41 during midday trading on Friday, reaching $22.97. The stock had a trading volume of 471,444 shares, compared to its average volume of 795,523. Rentokil Initial PLC has a 12 month low of $19.60 and a 12 month high of $34.07. The firm's 50-day moving average price is $23.65 and its 200 day moving average price is $23.69. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein cut Rentokil Initial from a "market perform" rating to an "underperform" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Rentokil Initial currently has a consensus rating of "Moderate Buy".
View Our Latest Research Report on Rentokil Initial
Rentokil Initial Company Profile
(
Free Report)
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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