Aquatic Capital Management LLC Sells 8,670 Shares of Robert Half Inc. (NYSE:RHI)

Aquatic Capital Management LLC trimmed its stake in shares of Robert Half Inc. (NYSE:RHI - Free Report) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,057 shares of the business services provider's stock after selling 8,670 shares during the quarter. Aquatic Capital Management LLC's holdings in Robert Half were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Robert Half by 613.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 364 shares of the business services provider's stock worth $25,000 after purchasing an additional 313 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Robert Half during the fourth quarter worth $26,000. Signaturefd LLC raised its stake in Robert Half by 121.3% during the fourth quarter. Signaturefd LLC now owns 436 shares of the business services provider's stock worth $31,000 after buying an additional 239 shares during the last quarter. Eastern Bank acquired a new position in Robert Half in the fourth quarter valued at $35,000. Finally, GeoWealth Management LLC bought a new stake in Robert Half during the fourth quarter valued at $35,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Robert Half Trading Up 2.2 %

Shares of RHI traded up $0.99 on Friday, reaching $45.45. The company's stock had a trading volume of 1,065,701 shares, compared to its average volume of 1,488,964. Robert Half Inc. has a twelve month low of $40.00 and a twelve month high of $78.41. The stock has a market capitalization of $4.64 billion, a PE ratio of 18.63 and a beta of 1.06. The firm has a fifty day moving average of $51.03 and a 200-day moving average of $63.00.

Robert Half (NYSE:RHI - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.19). The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.41 billion. Robert Half had a net margin of 4.34% and a return on equity of 17.20%. The company's quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 earnings per share. As a group, equities analysts anticipate that Robert Half Inc. will post 2.48 EPS for the current fiscal year.

Robert Half Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Friday, May 23rd. Robert Half's payout ratio is 118.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial set a $55.00 price objective on Robert Half and gave the company a "buy" rating in a research note on Thursday, April 24th. BNP Paribas Exane lowered Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 price target on the stock. in a research note on Friday. JPMorgan Chase & Co. cut their price target on Robert Half from $65.00 to $47.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Robert Half from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, April 24th. Finally, BNP Paribas lowered shares of Robert Half from an "outperform" rating to a "neutral" rating and set a $45.00 target price on the stock. in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $48.71.

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.