Balefire LLC Boosts Stock Holdings in Rentokil Initial PLC (NYSE:RTO)

Balefire LLC increased its holdings in Rentokil Initial PLC (NYSE:RTO) by 8.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 83,113 shares of the company’s stock after purchasing an additional 6,750 shares during the period. Balefire LLC’s holdings in Rentokil Initial were worth $1,903,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Cape Investment Advisory Inc. boosted its holdings in Rentokil Initial by 65.2% in the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock worth $38,000 after purchasing an additional 594 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in 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 buying an additional 1,611 shares during the last quarter. Wealthquest Corp purchased a new stake in Rentokil Initial during the 1st quarter valued at $66,000. Russell Investments Group Ltd. lifted its holdings 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 valued at $83,000 after buying an additional 1,281 shares during the period. Finally, Versant Capital Management Inc purchased a new position in shares of Rentokil Initial in the 1st quarter worth $143,000. 9.91% of the stock is owned by hedge funds and other institutional investors.

Rentokil Initial Stock Down 1.5%

Shares of RTO stock opened at $23.49 on Thursday. 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 12 month low of $19.60 and a 12 month high of $34.07. The stock has a market cap of $11.86 billion, a P/E ratio of 15.56 and a beta of 0.95. The company has a 50 day simple moving average of $23.46 and a two-hundred day simple moving average of $23.88.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a report on Friday, March 7th. Sanford C. Bernstein downgraded Rentokil Initial from a “market perform” rating to an “underperform” rating in a research note on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Rentokil Initial presently 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.