Oppenheimer Asset Management Inc. Sells 3,187 Shares of Rentokil Initial PLC (NYSE:RTO)

Oppenheimer Asset Management Inc. lowered its stake in shares of Rentokil Initial PLC (NYSE:RTO) by 19.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,970 shares of the company’s stock after selling 3,187 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rentokil Initial were worth $297,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of RTO. River Road Asset Management LLC increased its stake in Rentokil Initial by 114.2% in the fourth 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. Gates Capital Management Inc. boosted its position in Rentokil Initial by 21.0% in the 4th quarter. Gates Capital Management Inc. now owns 6,258,013 shares of the company’s stock valued at $158,453,000 after buying an additional 1,084,845 shares during the period. Snyder Capital Management L P bought a new position in Rentokil Initial in the 4th quarter worth about $24,297,000. Rockefeller Capital Management L.P. increased its position in shares of Rentokil Initial by 109.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,091,475 shares of the company’s stock worth $27,636,000 after acquiring an additional 570,330 shares during the period. Finally, Voss Capital LP boosted its holdings in shares of Rentokil Initial by 21.2% in the fourth quarter. Voss Capital LP now owns 3,090,287 shares of the company’s stock valued at $78,246,000 after purchasing an additional 540,287 shares during the period. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of Rentokil Initial stock opened at $24.00 on Tuesday. The company has a 50 day moving average price of $23.53 and a 200 day moving average price of $23.80. The firm has a market capitalization of $12.12 billion, a P/E ratio of 15.89 and a beta of 0.95. Rentokil Initial PLC has a 52 week low of $19.60 and a 52 week high of $34.07. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

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