Envestnet Portfolio Solutions Inc. Has $218,000 Stock Holdings in Rentokil Initial PLC (NYSE:RTO)

Envestnet Portfolio Solutions Inc. lowered its stake in Rentokil Initial PLC (NYSE:RTO) by 44.8% during the first quarter, Holdings Channel reports. The institutional investor owned 9,510 shares of the company’s stock after selling 7,723 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Rentokil Initial were worth $218,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RTO. Cape Investment Advisory Inc. lifted its position in Rentokil Initial by 65.2% during the fourth quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock worth $38,000 after acquiring an additional 594 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 last quarter. Russell Investments Group Ltd. grew its holdings in Rentokil Initial by 63.9% in 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 in the last quarter. Versant Capital Management Inc acquired a new position in Rentokil Initial in the 1st quarter valued at $143,000. Finally, GAMMA Investing LLC increased its position in Rentokil Initial by 996.0% during the 1st quarter. GAMMA Investing LLC now owns 9,206 shares of the company’s stock worth $211,000 after buying an additional 8,366 shares during the period. Institutional investors and hedge funds own 9.91% of the company’s stock.

Wall Street Analysts Forecast Growth

RTO has been the subject of a number of recent research reports. Sanford C. Bernstein cut shares of Rentokil Initial from a “market perform” rating to an “underperform” rating in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Rentokil Initial in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rentokil Initial Trading Down 1.7%

Shares of NYSE:RTO opened at $24.00 on Tuesday. The company has a market capitalization of $12.12 billion, a P/E ratio of 15.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.81 and a quick ratio of 0.72. The business’s 50 day simple moving average is $23.53 and its 200 day simple moving average is $23.80. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $34.07.

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.