Van ECK Associates Corp Boosts Position in Robert Half Inc. (NYSE:RHI)

Van ECK Associates Corp increased its position in Robert Half Inc. (NYSE:RHI - Free Report) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,878 shares of the business services provider's stock after acquiring an additional 16,668 shares during the quarter. Van ECK Associates Corp owned about 0.08% of Robert Half worth $6,051,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Robert Half in the 3rd quarter valued at $27,000. Private Trust Co. NA raised its position in shares of Robert Half by 79.7% in the third quarter. Private Trust Co. NA now owns 433 shares of the business services provider's stock worth $29,000 after buying an additional 192 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Robert Half during the third quarter valued at $34,000. Eastern Bank purchased a new position in Robert Half during the fourth quarter worth about $35,000. Finally, Venturi Wealth Management LLC increased its stake in Robert Half by 310.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 796 shares of the business services provider's stock worth $54,000 after acquiring an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 92.41% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on RHI. Truist Financial raised Robert Half from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $62.00 to $90.00 in a report on Friday, December 13th. Barclays raised shares of Robert Half from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $60.00 to $80.00 in a research note on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on shares of Robert Half from $69.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, 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 report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $74.92.

Robert Half Trading Down 0.1 %

Shares of RHI traded down $0.03 during mid-day trading on Friday, reaching $60.00. The company's stock had a trading volume of 1,600,456 shares, compared to its average volume of 1,257,160. Robert Half Inc. has a 52 week low of $57.05 and a 52 week high of $83.25. The stock has a market cap of $6.13 billion, a PE ratio of 24.59 and a beta of 1.23. The company's fifty day moving average price is $67.04 and its two-hundred day moving average price is $67.50.

Robert Half (NYSE:RHI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The business services provider reported $0.53 earnings per share 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%. Research analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current year.

Robert Half Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, February 25th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend 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 is currently 86.89%.

Insider Buying and Selling

In other Robert Half news, Director Dirk A. Kempthorne sold 1,032 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $74.35, for a total transaction of $76,729.20. Following the completion of the sale, the director now owns 12,310 shares of the company's stock, valued at $915,248.50. This represents a 7.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is owned by corporate insiders.

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.