Oppenheimer & Co. Inc. Decreases Holdings in Rentokil Initial PLC (NYSE:RTO)

Oppenheimer & Co. Inc. decreased its holdings in Rentokil Initial PLC (NYSE:RTO) by 2.2% in the first quarter, Holdings Channel reports. The fund owned 19,954 shares of the company’s stock after selling 458 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Rentokil Initial were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. River Road Asset Management LLC lifted its stake in shares of Rentokil Initial by 114.2% in the 4th quarter. River Road Asset Management LLC now owns 3,786,010 shares of the company’s stock valued at $95,862,000 after purchasing an additional 2,018,866 shares during the last quarter. Gates Capital Management Inc. raised its holdings in Rentokil Initial by 21.0% during 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 stake in Rentokil Initial in the fourth quarter worth $24,297,000. Rockefeller Capital Management L.P. boosted its stake in 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 buying an additional 570,330 shares during the period. Finally, Voss Capital LP increased its position in Rentokil Initial by 21.2% during the fourth quarter. Voss Capital LP now owns 3,090,287 shares of the company’s stock valued at $78,246,000 after acquiring an additional 540,287 shares during the last quarter. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RTO. 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Rentokil Initial in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Rentokil Initial presently has an average rating of “Moderate Buy”.

Rentokil Initial Stock Up 1.1%

Shares of RTO stock opened at $24.27 on Wednesday. The firm has a market capitalization of $12.25 billion, a PE ratio of 16.07 and a beta of 0.94. Rentokil Initial PLC has a fifty-two week low of $19.60 and a fifty-two week high of $34.07. The stock’s 50-day simple moving average is $23.56 and its 200-day simple moving average is $23.80. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.72 and a current ratio of 0.81.

About Rentokil Initial

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.