Meeder Asset Management Inc. lessened its holdings in ManpowerGroup Inc. (NYSE:MAN) by 26.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,312 shares of the business services provider’s stock after selling 843 shares during the period. Meeder Asset Management Inc.’s holdings in ManpowerGroup were worth $150,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of ManpowerGroup by 76.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,324,420 shares of the business services provider’s stock worth $199,807,000 after purchasing an additional 1,007,534 shares during the period. LSV Asset Management lifted its stake in shares of ManpowerGroup by 6.0% in the 3rd quarter. LSV Asset Management now owns 1,732,596 shares of the business services provider’s stock worth $148,933,000 after purchasing an additional 98,376 shares during the period. Fiduciary Management Inc. WI lifted its stake in shares of ManpowerGroup by 12.7% in the 3rd quarter. Fiduciary Management Inc. WI now owns 889,658 shares of the business services provider’s stock worth $76,475,000 after purchasing an additional 100,005 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in shares of ManpowerGroup in the 3rd quarter worth approximately $56,887,000. Finally, Neuberger Berman Group LLC lifted its stake in shares of ManpowerGroup by 5,273.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 645,815 shares of the business services provider’s stock worth $55,514,000 after purchasing an additional 633,797 shares during the period. Hedge funds and other institutional investors own 93.73% of the company’s stock.
Shares of MAN stock opened at $79.69 on Friday. The firm has a market capitalization of $4.96 billion, a PE ratio of 8.90, a PEG ratio of 3.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.44 and a quick ratio of 1.47. ManpowerGroup Inc. has a 12-month low of $61.57 and a 12-month high of $124.37.
ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, January 31st. The business services provider reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. The firm had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.54 billion. ManpowerGroup had a net margin of 2.53% and a return on equity of 20.65%. Equities analysts expect that ManpowerGroup Inc. will post 7.71 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets cut shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $83.00 to $81.00 in a research note on Friday, February 1st. ValuEngine upgraded shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 31st. Zacks Investment Research cut shares of ManpowerGroup from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. TheStreet cut shares of ManpowerGroup from a “b-” rating to a “c+” rating in a research report on Tuesday, October 30th. Finally, Bank of America assumed coverage on shares of ManpowerGroup in a research report on Tuesday, October 23rd. They set a “neutral” rating and a $82.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $98.67.
In other ManpowerGroup news, Director William Downe purchased 4,000 shares of the business’s stock in a transaction on Wednesday, November 28th. The shares were purchased at an average cost of $81.21 per share, with a total value of $324,840.00. Following the transaction, the director now directly owns 4,000 shares of the company’s stock, valued at approximately $324,840. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John R. Walter sold 7,403 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $77.74, for a total transaction of $575,509.22. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.
ManpowerGroup Company Profile
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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