Alberta Investment Management Corp Sells 149,400 Shares of Rentokil Initial PLC $RTO

Alberta Investment Management Corp cut its stake in shares of Rentokil Initial PLC (NYSE:RTO) by 8.3% in the fourth quarter, HoldingsChannel reports. The fund owned 1,645,500 shares of the company’s stock after selling 149,400 shares during the period. Alberta Investment Management Corp’s holdings in Rentokil Initial were worth $48,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its stake in shares of Rentokil Initial by 222.2% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,163 shares of the company’s stock valued at $34,000 after acquiring an additional 802 shares during the period. GAMMA Investing LLC grew its stake in shares of Rentokil Initial by 76.5% during the 4th quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock valued at $36,000 after acquiring an additional 534 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Rentokil Initial during the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC grew its stake in shares of Rentokil Initial by 171.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,726 shares of the company’s stock valued at $43,000 after acquiring an additional 1,089 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of Rentokil Initial by 53.8% during the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after acquiring an additional 690 shares during the period. 9.91% of the stock is currently owned by institutional investors.

Rentokil Initial Stock Down 1.6%

NYSE RTO opened at $30.18 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. Rentokil Initial PLC has a one year low of $22.72 and a one year high of $34.67. The stock has a 50 day moving average price of $32.23 and a 200-day moving average price of $31.27.

Wall Street Analysts Forecast Growth

RTO has been the subject of a number of recent research reports. Wall Street Zen downgraded Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Sunday, April 5th. Rothschild & Co Redburn upgraded Rentokil Initial from a “sell” rating to a “neutral” rating in a research note on Wednesday, March 11th. Zacks Research upgraded Rentokil Initial from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft downgraded Rentokil Initial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Oppenheimer upped their price target on Rentokil Initial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rentokil Initial has an average rating of “Moderate Buy” and an average target price of $34.50.

About Rentokil Initial

Rentokil Initial PLC is a global business services company specializing in pest control, hygiene and workwear services. Headquartered in Crawley, West Sussex, United Kingdom, the company delivers outsourced solutions designed to protect people, preserve assets and enhance workplaces for both commercial and residential customers.

Under the Rentokil Pest Control brand, the company offers services ranging from routine inspections and treatment of insects, rodents and birds to specialised programmes for food manufacturing and healthcare environments.