Vontobel Holding Ltd. acquired a new position in Rentokil Initial PLC (NYSE:RTO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,195 shares of the company's stock, valued at approximately $279,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake 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 worth $49,000 after purchasing an additional 1,611 shares during the period. Wealthquest Corp purchased a new position in shares of Rentokil Initial during the 1st quarter worth $66,000. Russell Investments Group Ltd. lifted its stake in shares of Rentokil Initial by 63.9% during the 4th quarter. Russell Investments Group Ltd. now owns 3,287 shares of the company's stock worth $83,000 after purchasing an additional 1,281 shares during the period. Versant Capital Management Inc purchased a new stake in Rentokil Initial in the 1st quarter valued at about $143,000. Finally, GAMMA Investing LLC grew its holdings in Rentokil Initial by 996.0% in the 1st quarter. GAMMA Investing LLC now owns 9,206 shares of the company's stock valued at $211,000 after buying an additional 8,366 shares during the period. Hedge funds and other institutional investors own 9.91% of the company's stock.
Rentokil Initial Stock Down 0.9%
NYSE RTO traded down $0.20 during trading on Wednesday, reaching $22.96. The company's stock had a trading volume of 876,356 shares, compared to its average volume of 790,848. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $11.59 billion, a PE ratio of 15.21 and a beta of 0.94. Rentokil Initial PLC has a 1-year low of $19.60 and a 1-year high of $34.07. The business has a 50-day moving average price of $23.65 and a 200-day moving average price of $23.74.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein downgraded shares of 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".
Read Our Latest Stock 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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