Balefire LLC Acquires 6,750 Shares of Rentokil Initial PLC (NYSE:RTO)

Balefire LLC lifted its holdings in shares of Rentokil Initial PLC (NYSE:RTO) by 8.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,113 shares of the company’s stock after acquiring an additional 6,750 shares during the quarter. Balefire LLC’s holdings in Rentokil Initial were worth $1,903,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTO. Cape Investment Advisory Inc. increased its position in Rentokil Initial by 65.2% during the 4th quarter. Cape Investment Advisory Inc. now owns 1,505 shares of the company’s stock valued at $38,000 after purchasing an additional 594 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 1,611 shares in the last quarter. Wealthquest Corp bought a new stake in shares of Rentokil Initial during the 1st quarter valued at about $66,000. Russell Investments Group Ltd. increased its position in shares of Rentokil Initial by 63.9% during the fourth 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 bought a new position in Rentokil Initial in the first quarter worth about $143,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Down 1.5%

NYSE:RTO opened at $23.49 on Thursday. 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 firm’s 50-day moving average price is $23.46 and its 200-day moving average price is $23.88. The company has a market capitalization of $11.86 billion, a PE ratio of 15.56 and a beta of 0.95. Rentokil Initial PLC has a 1-year low of $19.60 and a 1-year high of $34.07.

Wall Street Analysts Forecast Growth

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

Rentokil Initial Company 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.