Robert Half International Inc. (RHI) Position Held by Candriam Luxembourg S.C.A.
Candriam Luxembourg S.C.A. held its stake in Robert Half International Inc. (NYSE:RHI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,688 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Robert Half International were worth $484,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. First Manhattan Co. increased its position in shares of Robert Half International by 498.2% in the second quarter. First Manhattan Co. now owns 1,470,465 shares of the company’s stock worth $56,113,000 after buying an additional 1,224,632 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Robert Half International during the second quarter worth approximately $37,277,000. PGGM Investments bought a new position in shares of Robert Half International during the second quarter worth approximately $30,624,000. Natixis bought a new position in shares of Robert Half International during the first quarter worth approximately $29,675,000. Finally, Fiduciary Management Inc. WI increased its position in shares of Robert Half International by 34.2% in the first quarter. Fiduciary Management Inc. WI now owns 1,731,764 shares of the company’s stock worth $80,666,000 after buying an additional 441,358 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors.
Shares of Robert Half International Inc. (NYSE:RHI) traded down 2.22% during midday trading on Tuesday, reaching $37.92. 1,340,994 shares of the company’s stock traded hands. Robert Half International Inc. has a 1-year low of $34.34 and a 1-year high of $54.01. The firm’s 50-day moving average price is $37.90 and its 200 day moving average price is $39.60. The stock has a market capitalization of $4.88 billion, a P/E ratio of 13.58 and a beta of 1.26.
Robert Half International (NYSE:RHI) last posted its earnings results on Tuesday, July 26th. The company reported $0.71 EPS for the quarter, missing the Zacks’ consensus estimate of $0.73 by $0.02. Robert Half International had a net margin of 6.94% and a return on equity of 35.42%. The business earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. Robert Half International’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Robert Half International Inc. will post $2.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were given a $0.22 dividend. The ex-dividend date was Tuesday, August 23rd. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. Robert Half International’s dividend payout ratio is currently 31.54%.
A number of equities analysts have commented on the stock. Credit Suisse Group AG downgraded shares of Robert Half International from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $37.00 to $33.00 in a research note on Monday, October 3rd. Northcoast Research downgraded shares of Robert Half International from a “neutral” rating to a “sell” rating in a research note on Thursday, September 29th. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Macquarie assumed coverage on shares of Robert Half International in a research note on Thursday, August 25th. They issued a “neutral” rating and a $43.00 target price on the stock. Finally, Deutsche Bank AG assumed coverage on shares of Robert Half International in a research note on Wednesday, August 17th. They issued a “buy” rating and a $44.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Robert Half International has a consensus rating of “Hold” and an average target price of $45.53.
In other news, insider Robert W. Glass sold 30,061 shares of Robert Half International stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $36.93, for a total value of $1,110,152.73. Following the completion of the sale, the insider now directly owns 340,972 shares of the company’s stock, valued at $12,592,095.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.40% of the stock is owned by company insiders.
Robert Half International Company Profile
Robert Half International Inc provides specialized staffing and risk consulting services. The Company’s divisions are Accountemps, Robert Half Finance & Accounting, OfficeTeam, Robert Half Technology, Robert Half Management Resources, Robert Half Legal, The Creative Group and Protiviti. It operates through three segments: temporary and consultant staffing, permanent placement staffing, and risk consulting and internal audit services.
Want to see what other hedge funds are holding RHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Robert Half International Inc. (NYSE:RHI).
Receive News & Ratings for Robert Half International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robert Half International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.