MIG Capital LLC Has $23.74 Million Stock Position in Rentokil Initial plc (NYSE:RTO)

MIG Capital LLC lessened its stake in Rentokil Initial plc (NYSE:RTOFree Report) by 46.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 608,604 shares of the company’s stock after selling 530,102 shares during the quarter. Rentokil Initial accounts for about 4.3% of MIG Capital LLC’s investment portfolio, making the stock its 12th biggest holding. MIG Capital LLC owned about 0.12% of Rentokil Initial worth $23,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Morgan Stanley acquired a new position in Rentokil Initial during the fourth quarter valued at approximately $87,191,000. Norges Bank bought a new position in shares of Rentokil Initial in the fourth quarter valued at $81,252,000. Price T Rowe Associates Inc. MD bought a new stake in Rentokil Initial during the fourth quarter worth $51,291,000. Manning & Napier Group LLC acquired a new stake in Rentokil Initial in the second quarter valued at $63,030,000. Finally, Brown Advisory Inc. grew its position in shares of Rentokil Initial by 38.2% in the 1st quarter. Brown Advisory Inc. now owns 3,579,750 shares of the company’s stock valued at $130,697,000 after acquiring an additional 989,108 shares during the period. Institutional investors own 9.66% of the company’s stock.

Rentokil Initial Stock Performance

Shares of NYSE:RTO traded down $0.36 during midday trading on Tuesday, hitting $28.84. The stock had a trading volume of 26,686 shares, compared to its average volume of 313,481. The company’s 50-day moving average price is $32.35 and its 200-day moving average price is $36.81. Rentokil Initial plc has a fifty-two week low of $23.39 and a fifty-two week high of $41.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.13 and a quick ratio of 1.03.

Analyst Ratings Changes

Separately, Societe Generale assumed coverage on Rentokil Initial in a research report on Thursday, October 5th. They issued a “sell” rating for the company.

Check Out Our Latest Research Report on RTO

Rentokil Initial Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Rentokil Initial (NYSE:RTO)

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