Aquatic Capital Management LLC Has $3.73 Million Position in ManpowerGroup Inc. (NYSE:MAN)

Aquatic Capital Management LLC increased its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 2,290.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,533 shares of the business services provider's stock after purchasing an additional 61,833 shares during the period. Aquatic Capital Management LLC owned 0.14% of ManpowerGroup worth $3,725,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MAN. Vaughan Nelson Investment Management L.P. bought a new stake in shares of ManpowerGroup during the fourth quarter worth $34,200,000. Norges Bank acquired a new stake in ManpowerGroup in the fourth quarter worth about $27,706,000. Barclays PLC raised its holdings in ManpowerGroup by 194.3% during the 4th quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after purchasing an additional 300,917 shares during the last quarter. Prudential Financial Inc. lifted its position in ManpowerGroup by 111.7% during the 4th quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider's stock valued at $21,040,000 after purchasing an additional 192,345 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in ManpowerGroup by 34.5% during the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after purchasing an additional 191,901 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MAN shares. Truist Financial dropped their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. UBS Group decreased their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. BMO Capital Markets decreased their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, ManpowerGroup presently has an average rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Stock Up 1.5 %

NYSE:MAN opened at $42.49 on Monday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 14.21 and a beta of 1.28. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $54.17 and a two-hundred day moving average price of $58.48. ManpowerGroup Inc. has a 1 year low of $39.22 and a 1 year high of $78.87.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The business had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. As a group, equities analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

About ManpowerGroup

ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.

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