ABC Arbitrage SA trimmed its position in Rentokil Initial PLC (NYSE:RTO – Free Report) by 14.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 369,604 shares of the company’s stock after selling 64,968 shares during the quarter. Rentokil Initial makes up approximately 1.0% of ABC Arbitrage SA’s holdings, making the stock its 24th largest position. ABC Arbitrage SA’s holdings in Rentokil Initial were worth $10,889,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Rentokil Initial by 76.5% during the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after buying an additional 534 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Rentokil Initial by 171.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after purchasing an additional 1,089 shares during the period. IFP Advisors Inc increased its position in shares of Rentokil Initial by 53.8% during the third quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after purchasing an additional 690 shares during the period. Signaturefd LLC grew its stake in Rentokil Initial by 40.9% during the fourth quarter. Signaturefd LLC now owns 3,054 shares of the company’s stock worth $90,000 after buying an additional 886 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Rentokil Initial by 40.0% in the second quarter. Russell Investments Group Ltd. now owns 4,582 shares of the company’s stock worth $110,000 after acquiring an additional 1,309 shares during the last quarter. Institutional investors and hedge funds own 9.91% of the company’s stock.
Rentokil Initial Stock Down 1.0%
NYSE:RTO opened at $33.05 on Tuesday. Rentokil Initial PLC has a 1 year low of $22.72 and a 1 year high of $34.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. The business has a fifty day simple moving average of $32.48 and a two-hundred day simple moving average of $30.65.
Rentokil Initial Dividend Announcement
Analyst Ratings Changes
RTO has been the subject of several recent research reports. Wall Street Zen cut Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Sunday, April 5th. Rothschild & Co Redburn upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft lowered Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Zacks Research upgraded Rentokil Initial from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Oppenheimer lifted their target price on shares of Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.
Read Our Latest Analysis on Rentokil Initial
Rentokil Initial Company Profile
Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.
Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.
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