Pensionfund Sabic Sells 3,000 Shares of Robert Half International Inc. (NYSE:RHI)


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Pensionfund Sabic decreased its holdings in shares of Robert Half International Inc. (NYSE:RHI) by 9.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,900 shares of the business services provider’s stock after selling 3,000 shares during the quarter. Pensionfund Sabic’s holdings in Robert Half International were worth $2,178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RHI. Boston Partners boosted its holdings in Robert Half International by 46.2% during the fourth quarter. Boston Partners now owns 3,987,060 shares of the business services provider’s stock worth $249,112,000 after purchasing an additional 1,259,151 shares during the last quarter. Norges Bank acquired a new position in Robert Half International during the fourth quarter worth $76,104,000. Principal Financial Group Inc. boosted its holdings in Robert Half International by 547.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,257,494 shares of the business services provider’s stock worth $78,568,000 after purchasing an additional 1,063,182 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Robert Half International by 24.1% during the fourth quarter. Alliancebernstein L.P. now owns 4,180,798 shares of the business services provider’s stock worth $261,216,000 after purchasing an additional 810,840 shares during the last quarter. Finally, Maj Invest Holding A S lifted its stake in Robert Half International by 53.9% in the fourth quarter. Maj Invest Holding A S now owns 1,752,360 shares of the business services provider’s stock valued at $109,488,000 after acquiring an additional 613,471 shares during the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.

A number of brokerages have commented on RHI. Robert W. Baird increased their price target on shares of Robert Half International from $66.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, January 4th. BMO Capital Markets increased their price target on shares of Robert Half International from $73.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, January 29th. Bank of America upgraded shares of Robert Half International from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 3rd. Truist increased their price target on shares of Robert Half International from $52.00 to $67.00 in a research note on Wednesday, February 3rd. Finally, Barclays increased their price target on shares of Robert Half International from $42.00 to $85.00 and gave the company an “underweight” rating in a research note on Monday, March 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Robert Half International presently has a consensus rating of “Hold” and an average target price of $68.11.

NYSE RHI opened at $79.58 on Thursday. The firm has a 50-day moving average of $77.43 and a 200-day moving average of $65.45. The stock has a market cap of $9.00 billion, a PE ratio of 27.92, a P/E/G ratio of 4.54 and a beta of 1.65. Robert Half International Inc. has a 52-week low of $38.95 and a 52-week high of $83.50.

Robert Half International (NYSE:RHI) last released its quarterly earnings results on Thursday, January 28th. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.16. Robert Half International had a net margin of 6.08% and a return on equity of 28.09%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm earned $0.98 earnings per share. Robert Half International’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Robert Half International Inc. will post 2.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Thursday, February 25th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Robert Half International’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 24th. Robert Half International’s dividend payout ratio (DPR) is currently 38.97%.

About Robert Half International

Robert Half International, Inc engages in the provision of staffing and risk consulting services. It operates through the following segments: Temporary and Consultant Staffing, Permanent Placement Staffing and Risk Consulting & Internal Audit Services. The Temporary and Consultant Staffing segment offers staffing in the accounting and finance, administrative and office, information technology, legal, advertising, marketing, and web design fields.

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Institutional Ownership by Quarter for Robert Half International (NYSE:RHI)

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