QVIDTVM Management LLC Sells 435,055 Shares of Rentokil Initial PLC $RTO

QVIDTVM Management LLC lowered its stake in shares of Rentokil Initial PLC (NYSE:RTO) by 66.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 221,621 shares of the company’s stock after selling 435,055 shares during the quarter. Rentokil Initial comprises about 5.3% of QVIDTVM Management LLC’s holdings, making the stock its 5th largest position. QVIDTVM Management LLC’s holdings in Rentokil Initial were worth $5,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Gates Capital Management Inc. grew its holdings in Rentokil Initial by 5.7% in the first quarter. Gates Capital Management Inc. now owns 6,615,305 shares of the company’s stock valued at $151,490,000 after purchasing an additional 357,292 shares during the period. Voss Capital LP raised its stake in Rentokil Initial by 12.4% during the first quarter. Voss Capital LP now owns 3,471,946 shares of the company’s stock worth $79,508,000 after purchasing an additional 381,659 shares during the period. Alberta Investment Management Corp boosted its holdings in shares of Rentokil Initial by 36.8% in the 1st quarter. Alberta Investment Management Corp now owns 1,794,900 shares of the company’s stock valued at $41,103,000 after purchasing an additional 482,429 shares during the last quarter. Summitry LLC purchased a new stake in shares of Rentokil Initial during the 2nd quarter valued at $27,539,000. Finally, Sunriver Management LLC purchased a new stake in shares of Rentokil Initial during the 1st quarter valued at $21,864,000. 9.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on RTO shares. Zacks Research raised Rentokil Initial from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 7th. Berenberg Bank raised Rentokil Initial to a “strong sell” rating in a research note on Monday, September 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Rentokil Initial in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded shares of Rentokil Initial to a “strong-buy” rating in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Rentokil Initial currently has an average rating of “Moderate Buy”.

Rentokil Initial Price Performance

Rentokil Initial stock opened at $26.44 on Monday. Rentokil Initial PLC has a one year low of $19.60 and a one year high of $30.10. The stock’s 50 day moving average price is $26.44 and its 200 day moving average price is $24.81.

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.