Harvey Partners LLC Has $29.28 Million Stock Position in Rentokil Initial PLC $RTO

Harvey Partners LLC cut its stake in Rentokil Initial PLC (NYSE:RTO) by 25.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,220,000 shares of the company’s stock after selling 422,000 shares during the period. Rentokil Initial comprises approximately 2.9% of Harvey Partners LLC’s holdings, making the stock its 13th largest holding. Harvey Partners LLC owned approximately 0.24% of Rentokil Initial worth $29,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Engineers Gate Manager LP boosted its position in shares of Rentokil Initial by 64.8% in the 2nd quarter. Engineers Gate Manager LP now owns 17,698 shares of the company’s stock worth $425,000 after purchasing an additional 6,962 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Rentokil Initial by 143.5% during the second quarter. Bank of America Corp DE now owns 1,821,709 shares of the company’s stock worth $43,721,000 after acquiring an additional 1,073,471 shares during the period. Jane Street Group LLC grew its holdings in shares of Rentokil Initial by 34.7% during the second quarter. Jane Street Group LLC now owns 158,089 shares of the company’s stock worth $3,794,000 after buying an additional 40,748 shares in the last quarter. Quantinno Capital Management LP lifted its position in Rentokil Initial by 68.3% during the 2nd quarter. Quantinno Capital Management LP now owns 67,671 shares of the company’s stock worth $1,624,000 after buying an additional 27,451 shares in the last quarter. Finally, Robertson Opportunity Capital LLC raised its stake in shares of Rentokil Initial by 60.1% during the 2nd quarter. Robertson Opportunity Capital LLC now owns 325,893 shares of the company’s stock worth $7,821,000 after purchasing an additional 122,348 shares in the last quarter. Institutional investors own 9.91% of the company’s stock.

Rentokil Initial Trading Down 1.8%

NYSE RTO opened at $28.67 on Friday. The company has a fifty day moving average price of $27.45 and a 200-day moving average price of $25.36. Rentokil Initial PLC has a 1 year low of $19.60 and a 1 year high of $30.10.

Wall Street Analyst Weigh In

RTO has been the topic of a number of recent analyst reports. Jefferies Financial Group raised Rentokil Initial to a “strong-buy” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rentokil Initial in a research note on Wednesday, October 8th. Berenberg Bank upgraded shares of Rentokil Initial to a “strong sell” rating in a report on Monday, September 29th. Sanford C. Bernstein upgraded Rentokil Initial from an “underperform” rating to an “outperform” rating in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Rentokil Initial in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rentokil Initial 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.