Robert Half Inc. (NYSE:RHI) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in Robert Half Inc. (NYSE:RHI) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,878 shares of the business services provider’s stock after buying an additional 16,668 shares during the period. Van ECK Associates Corp owned 0.08% of Robert Half worth $6,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Robert Half during the third quarter worth about $27,000. Private Trust Co. NA increased its position in Robert Half by 79.7% during the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider’s stock worth $29,000 after purchasing an additional 192 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Robert Half during the third quarter valued at about $34,000. Eastern Bank acquired a new stake in shares of Robert Half during the fourth quarter valued at about $35,000. Finally, Venturi Wealth Management LLC increased its position in shares of Robert Half by 310.3% during the third quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 602 shares during the last quarter. 92.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RHI has been the subject of several recent research reports. BNP Paribas raised shares of Robert Half from an “underperform” rating to an “outperform” rating and set a $71.50 price objective for the company in a research note on Monday, February 10th. Barclays raised shares of Robert Half from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $60.00 to $80.00 in a research note on Friday, January 3rd. Truist Financial raised shares of Robert Half from a “hold” rating to a “buy” rating and raised their price objective for the company from $62.00 to $90.00 in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Robert Half from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $74.92.

Robert Half Trading Up 3.0 %

Robert Half stock opened at $60.12 on Tuesday. The stock has a market cap of $6.21 billion, a P/E ratio of 24.64 and a beta of 1.23. The stock has a 50 day moving average of $68.26 and a 200-day moving average of $67.65. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25.

Robert Half (NYSE:RHI) last announced its quarterly earnings data on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. As a group, equities analysts predict that Robert Half Inc. will post 2.53 earnings per share for the current fiscal year.

Robert Half Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 25th. This is a boost from Robert Half’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 3.93%. Robert Half’s dividend payout ratio (DPR) is 86.89%.

Insiders Place Their Bets

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $74.35, for a total value of $76,729.20. Following the sale, the director now directly owns 12,310 shares of the company’s stock, valued at $915,248.50. This trade represents a 7.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by corporate insiders.

Robert Half Profile

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.