WCM Investment Management LLC Has $8.44 Million Stake in Rentokil Initial PLC $RTO

WCM Investment Management LLC grew its holdings in Rentokil Initial PLC (NYSE:RTO) by 30.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 276,216 shares of the company’s stock after purchasing an additional 63,883 shares during the quarter. WCM Investment Management LLC’s holdings in Rentokil Initial were worth $8,444,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in 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 purchasing an additional 802 shares during the period. GAMMA Investing LLC grew its stake in shares of Rentokil Initial by 76.5% in the fourth quarter. GAMMA Investing LLC now owns 1,232 shares of the company’s stock worth $36,000 after acquiring an additional 534 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Rentokil Initial during the fourth quarter worth $39,000. V Square Quantitative Management LLC raised its stake in Rentokil Initial by 84.5% during the 1st quarter. V Square Quantitative Management LLC now owns 1,395 shares of the company’s stock valued at $44,000 after purchasing an additional 639 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in Rentokil Initial by 53.8% in the 3rd quarter. IFP Advisors Inc now owns 1,972 shares of the company’s stock valued at $50,000 after purchasing an additional 690 shares during the period. 9.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Rentokil Initial in a research note on Wednesday, June 24th. The Goldman Sachs Group raised shares of Rentokil Initial from a “neutral” rating to a “buy” rating in a report on Monday, July 6th. Wall Street Zen lowered shares of Rentokil Initial from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Zacks Research lowered shares of Rentokil Initial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Rentokil Initial Trading Down 0.9%

Rentokil Initial stock opened at $30.11 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.16 and a quick ratio of 1.07. The business’s fifty day moving average is $30.16 and its two-hundred day moving average is $31.38. Rentokil Initial PLC has a 52 week low of $22.77 and a 52 week high of $34.67.

Rentokil Initial Company Profile

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.