Aaron Wealth Advisors LLC Has $312,000 Position in Robert Half Inc. $RHI

Aaron Wealth Advisors LLC cut its stake in shares of Robert Half Inc. (NYSE:RHI) by 60.9% in the 1st quarter, HoldingsChannel reports. The fund owned 12,285 shares of the business services provider’s stock after selling 19,122 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Robert Half were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Robert Half by 321.0% during the 4th quarter. Larson Financial Group LLC now owns 1,002 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 764 shares during the period. Gilpin Wealth Management LLC bought a new position in shares of Robert Half in the fourth quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Robert Half in the second quarter valued at about $34,000. Fifth Third Bancorp raised its stake in Robert Half by 94.3% in the fourth quarter. Fifth Third Bancorp now owns 1,368 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 664 shares in the last quarter. Finally, Danske Bank A S acquired a new position in Robert Half in the third quarter valued at about $37,000. Institutional investors own 92.41% of the company’s stock.

Wall Street Analyst Weigh In

RHI has been the topic of several recent analyst reports. Weiss Ratings raised shares of Robert Half from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 17th. Barclays reduced their price target on shares of Robert Half from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, March 6th. Zacks Research cut shares of Robert Half from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 29th. Finally, William Blair upgraded shares of Robert Half from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $31.75.

Robert Half Trading Down 1.3%

Shares of Robert Half stock opened at $32.32 on Tuesday. The firm’s 50 day moving average is $28.70 and its 200 day moving average is $27.28. The firm has a market capitalization of $3.31 billion, a PE ratio of 24.86 and a beta of 0.84. Robert Half Inc. has a 1 year low of $21.83 and a 1 year high of $43.82.

Robert Half (NYSE:RHI) last issued its quarterly earnings data on Thursday, April 23rd. The business services provider reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.34 billion. Robert Half had a net margin of 2.43% and a return on equity of 10.14%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, research analysts anticipate that Robert Half Inc. will post 1.29 earnings per share for the current year.

Robert Half Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 22nd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, May 22nd. Robert Half’s dividend payout ratio (DPR) is 181.54%.

Robert Half Company Profile

Robert Half International Inc, founded in 1948 by Robert Half, is a global professional staffing and consulting firm headquartered in Menlo Park, California. As a pioneer in specialized staffing, the company has built a reputation for matching skilled professionals with leading organizations across a range of industries. Robert Half’s shares trade on the New York Stock Exchange under the ticker RHI, reflecting its position as one of the longest‐standing and best‐known firms in the staffing sector.

The company offers a comprehensive suite of services, including temporary staffing, permanent placement, and consulting solutions.