Pensionfund Sabic Invests $1.61 Million in Robert Half International Inc. (RHI)

Pensionfund Sabic acquired a new stake in shares of Robert Half International Inc. (NYSE:RHI) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 29,000 shares of the business services provider’s stock, valued at approximately $1,611,000.

Several other institutional investors have also recently made changes to their positions in RHI. Vanguard Group Inc. grew its position in Robert Half International by 5.9% during the 2nd quarter. Vanguard Group Inc. now owns 13,632,206 shares of the business services provider’s stock worth $653,391,000 after acquiring an additional 758,834 shares during the last quarter. Boston Partners lifted its holdings in Robert Half International by 0.5% in the 3rd quarter. Boston Partners now owns 6,257,630 shares of the business services provider’s stock worth $315,009,000 after buying an additional 29,573 shares during the period. Northern Trust Corp lifted its holdings in Robert Half International by 1.1% in the 2nd quarter. Northern Trust Corp now owns 2,029,761 shares of the business services provider’s stock worth $97,287,000 after buying an additional 21,523 shares during the period. APG Asset Management N.V. lifted its holdings in Robert Half International by 31.3% in the 3rd quarter. APG Asset Management N.V. now owns 1,954,608 shares of the business services provider’s stock worth $98,395,000 after buying an additional 466,400 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in Robert Half International by 42.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,852,461 shares of the business services provider’s stock worth $88,788,000 after buying an additional 548,507 shares during the period. Hedge funds and other institutional investors own 85.12% of the company’s stock.

Several equities research analysts have weighed in on RHI shares. ValuEngine upgraded Robert Half International from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Nomura raised their target price on Robert Half International from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Deutsche Bank raised their target price on Robert Half International from $58.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, December 28th. Royal Bank of Canada restated a “hold” rating on shares of Robert Half International in a research note on Friday, October 13th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $49.00 price objective on shares of Robert Half International in a research note on Friday, October 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Robert Half International has a consensus rating of “Hold” and an average target price of $53.70.

In other Robert Half International news, insider Robert W. Glass sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $54.93, for a total transaction of $274,650.00. Following the sale, the insider now directly owns 321,428 shares of the company’s stock, valued at $17,656,040.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Harold M. Messmer, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $52.31, for a total value of $5,231,000.00. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Shares of Robert Half International Inc. (RHI) traded down $0.49 during trading on Tuesday, hitting $55.54. The stock had a trading volume of 526,900 shares, compared to its average volume of 1,044,520. Robert Half International Inc. has a fifty-two week low of $42.92 and a fifty-two week high of $57.67. The stock has a market capitalization of $6,961.93, a P/E ratio of 21.78 and a beta of 1.33.

Robert Half International (NYSE:RHI) last announced its quarterly earnings data on Tuesday, October 24th. The business services provider reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.02). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Robert Half International had a net margin of 6.20% and a return on equity of 29.13%. Robert Half International’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. research analysts anticipate that Robert Half International Inc. will post 2.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, November 24th were paid a dividend of $0.24 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $0.96 annualized dividend and a yield of 1.73%. Robert Half International’s payout ratio is currently 37.65%.

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About Robert Half International

Robert Half International Inc provides specialized staffing and risk consulting services. The Company provides these services through its divisions, including Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti.

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

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