Boston Partners Acquires 1,271,237 Shares of Robert Half Inc. (NYSE:RHI)

Boston Partners boosted its position in Robert Half Inc. (NYSE:RHI - Free Report) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,554,276 shares of the business services provider's stock after acquiring an additional 1,271,237 shares during the period. Robert Half accounts for about 0.7% of Boston Partners' holdings, making the stock its 29th biggest position. Boston Partners owned approximately 8.28% of Robert Half worth $602,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RHI. Royce & Associates LP boosted its holdings in Robert Half by 142.3% in the third quarter. Royce & Associates LP now owns 11,685 shares of the business services provider's stock worth $788,000 after acquiring an additional 6,863 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Robert Half by 6.9% in the third quarter. Empowered Funds LLC now owns 43,373 shares of the business services provider's stock valued at $2,924,000 after purchasing an additional 2,805 shares in the last quarter. Claro Advisors LLC bought a new position in shares of Robert Half in the third quarter valued at approximately $273,000. LMR Partners LLP lifted its holdings in shares of Robert Half by 22.2% in the third quarter. LMR Partners LLP now owns 12,947 shares of the business services provider's stock valued at $873,000 after purchasing an additional 2,355 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of Robert Half by 8.3% in the third quarter. Strengthening Families & Communities LLC now owns 13,890 shares of the business services provider's stock valued at $936,000 after purchasing an additional 1,063 shares in the last quarter. Institutional investors own 92.41% of the company's stock.

Remove Ads

Robert Half Trading Down 1.2 %

Shares of RHI traded down $0.64 on Friday, reaching $53.20. 5,984,092 shares of the company's stock traded hands, compared to its average volume of 1,354,639. The stock has a market cap of $5.44 billion, a PE ratio of 21.80 and a beta of 1.22. The stock's 50 day simple moving average is $61.08 and its two-hundred day simple moving average is $66.67. Robert Half Inc. has a 52-week low of $51.55 and a 52-week high of $81.24.

Robert Half (NYSE:RHI - Get Free Report) last released its earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). Robert Half had a return on equity of 17.20% and a net margin of 4.34%. Analysts forecast that Robert Half Inc. will post 2.48 earnings per share for the current year.

Robert Half Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a $0.59 dividend. This is an increase from Robert Half's previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Tuesday, February 25th. Robert Half's dividend payout ratio (DPR) is currently 96.72%.

Wall Street Analyst Weigh In

RHI has been the topic of a number of recent research reports. Barclays upgraded Robert Half from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $60.00 to $80.00 in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. StockNews.com lowered Robert Half from a "buy" rating to a "hold" rating in a report on Friday. BNP Paribas upgraded Robert Half from an "underperform" rating to an "outperform" rating and set a $71.50 target price on the stock in a report on Monday, February 10th. Finally, Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and increased their price target for the company from $62.00 to $90.00 in a research report on Friday, December 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $74.92.

Robert Half Company 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.