Thor Advisors LLC bought a new stake in Robert Half International Inc. (NYSE:RHI) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 1,105 shares of the business services provider’s stock, valued at approximately $72,000. Robert Half International accounts for about 0.9% of Thor Advisors LLC’s investment portfolio, making the stock its 19th largest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc grew its position in Robert Half International by 7.8% during the third quarter. Vanguard Group Inc now owns 14,590,476 shares of the business services provider’s stock valued at $1,026,877,000 after buying an additional 1,053,543 shares during the period. BlackRock Inc. grew its position in Robert Half International by 4.6% during the first quarter. BlackRock Inc. now owns 10,311,422 shares of the business services provider’s stock valued at $671,892,000 after buying an additional 450,686 shares during the period. AQR Capital Management LLC grew its position in Robert Half International by 11.3% during the first quarter. AQR Capital Management LLC now owns 6,672,856 shares of the business services provider’s stock valued at $434,804,000 after buying an additional 676,123 shares during the period. APG Asset Management N.V. grew its position in Robert Half International by 13.7% during the fourth quarter. APG Asset Management N.V. now owns 2,660,008 shares of the business services provider’s stock valued at $133,099,000 after buying an additional 319,900 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd grew its position in Robert Half International by 0.6% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,560,299 shares of the business services provider’s stock valued at $166,829,000 after buying an additional 15,690 shares during the period. Institutional investors own 97.25% of the company’s stock.
NYSE:RHI traded down $0.46 on Friday, reaching $56.25. 1,322,320 shares of the company’s stock were exchanged, compared to its average volume of 1,236,268. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $6.67 billion, a PE ratio of 15.58, a P/E/G ratio of 1.79 and a beta of 1.33. Robert Half International Inc. has a 52 week low of $52.79 and a 52 week high of $79.91.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.20%. Robert Half International’s dividend payout ratio is presently 34.35%.
Several equities analysts recently weighed in on the stock. Royal Bank of Canada assumed coverage on shares of Robert Half International in a research report on Tuesday, April 16th. They set a “sector perform” rating for the company. BMO Capital Markets reduced their price target on shares of Robert Half International from $68.00 to $62.00 and set a “market perform” rating for the company in a research report on Thursday, April 25th. Finally, Zacks Investment Research lowered shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.40.
About Robert Half International
Robert Half International Inc provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. The company operates through three segments: Temporary and Consultant Staffing, Permanent Placement Staffing, and Risk Consulting and Internal Audit Services. It places temporary personnel for accounting, finance, and bookkeeping; temporary and full-time office and administrative personnel consisting of executive and administrative assistants, receptionists, and customer service representatives; full-time accounting, financial, tax, and accounting operations personnel; and information technology contract consultants and full-time employees in the areas of platform systems integration to end-user technical and desktop support, including specialists in application development, networking, systems integration and deployment, database design and administration, and security and business continuity.
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