Harfst & Associates Inc. Invests $196,000 in Robert Half International Inc. (RHI)

Harfst & Associates Inc. purchased a new position in Robert Half International Inc. (NYSE:RHI) during the first quarter, according to its most recent filing with the SEC. The fund purchased 4,019 shares of the business services provider’s stock, valued at approximately $196,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Robert Half International during the fourth quarter worth $72,161,000. Congress Asset Management Co. MA bought a new stake in shares of Robert Half International during the fourth quarter worth $54,273,000. First Trust Advisors LP increased its stake in shares of Robert Half International by 524.0% in the first quarter. First Trust Advisors LP now owns 821,574 shares of the business services provider’s stock worth $40,117,000 after buying an additional 689,914 shares in the last quarter. Boston Partners increased its stake in shares of Robert Half International by 11.1% in the first quarter. Boston Partners now owns 6,529,472 shares of the business services provider’s stock worth $318,834,000 after buying an additional 651,348 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in shares of Robert Half International by 1,888.6% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 523,985 shares of the business services provider’s stock worth $25,584,000 after buying an additional 497,636 shares in the last quarter. 87.93% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Robert Half International Inc. (NYSE RHI) traded down 1.29% on Tuesday, hitting $48.36. 599,508 shares of the stock traded hands. Robert Half International Inc. has a 52-week low of $34.34 and a 52-week high of $50.98. The firm has a market cap of $6.07 billion, a PE ratio of 18.24 and a beta of 1.22. The firm has a 50 day moving average price of $46.94 and a 200 day moving average price of $47.64.

Robert Half International (NYSE:RHI) last released its quarterly earnings data on Thursday, April 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.04. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Robert Half International had a return on equity of 31.26% and a net margin of 6.47%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities analysts forecast that Robert Half International Inc. will post $2.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $0.96 annualized dividend and a dividend yield of 1.99%. Robert Half International’s dividend payout ratio is currently 36.23%.

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A number of research analysts have commented on RHI shares. ValuEngine cut shares of Robert Half International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Robert Half International from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $45.00 price target on shares of Robert Half International in a research report on Friday, April 21st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.44.

In other news, insider Robert W. Glass sold 22,237 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $47.35, for a total transaction of $1,052,921.95. Following the completion of the transaction, the insider now directly owns 326,428 shares of the company’s stock, valued at approximately $15,456,365.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.40% of the company’s stock.

Robert Half International Company Profile

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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