Rentokil Initial plc (NYSE:RTO) is QVIDTVM Management LLC’s 4th Largest Position

QVIDTVM Management LLC lowered its stake in shares of Rentokil Initial plc (NYSE:RTO) by 15.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 750,176 shares of the company’s stock after selling 138,582 shares during the quarter. Rentokil Initial comprises 13.1% of QVIDTVM Management LLC’s holdings, making the stock its 4th largest holding. QVIDTVM Management LLC owned 0.15% of Rentokil Initial worth $18,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rothschild Investment LLC acquired a new position in shares of Rentokil Initial in the 2nd quarter valued at $29,000. Valley Wealth Managers Inc. acquired a new position in shares of Rentokil Initial during the 3rd quarter worth approximately $29,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Rentokil Initial by 403.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,052 shares of the company’s stock valued at $31,000 after purchasing an additional 843 shares in the last quarter. Assetmark Inc. purchased a new position in Rentokil Initial in the 3rd quarter valued at about $36,000. Finally, GPS Wealth Strategies Group LLC purchased a new position in shares of Rentokil Initial in the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 9.91% of the company’s stock.

Rentokil Initial Stock Performance

Shares of NYSE RTO opened at $26.40 on Tuesday. Rentokil Initial plc has a 1 year low of $22.40 and a 1 year high of $34.07. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.96 and a current ratio of 1.04. The company has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $27.93.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic lowered shares of Rentokil Initial from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $29.00.

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.