ManpowerGroup Inc. (NYSE:MAN) Shares Bought by KLCM Advisors Inc.

KLCM Advisors Inc. increased its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 153.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 296,594 shares of the business services provider's stock after purchasing an additional 179,788 shares during the quarter. ManpowerGroup accounts for 2.0% of KLCM Advisors Inc.'s investment portfolio, making the stock its 13th biggest holding. KLCM Advisors Inc. owned approximately 0.63% of ManpowerGroup worth $17,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in shares of ManpowerGroup by 12,496.6% in the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider's stock worth $66,281,000 after acquiring an additional 894,379 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ManpowerGroup by 0.5% in the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider's stock worth $58,444,000 after acquiring an additional 4,113 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of ManpowerGroup in the fourth quarter worth $34,200,000. Jacobs Levy Equity Management Inc. raised its holdings in shares of ManpowerGroup by 6.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider's stock worth $40,414,000 after acquiring an additional 32,083 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of ManpowerGroup by 4.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider's stock worth $29,634,000 after acquiring an additional 15,407 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Up 0.8 %

MAN stock traded up $0.45 during trading on Wednesday, reaching $55.09. 217,911 shares of the stock traded hands, compared to its average volume of 713,453. The business's 50 day moving average price is $57.93 and its 200-day moving average price is $64.57. ManpowerGroup Inc. has a 52-week low of $53.70 and a 52-week high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $2.59 billion, a PE ratio of 18.42 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MAN. UBS Group lowered their price objective on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Truist Financial reaffirmed a "hold" rating and issued a $70.00 price objective (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Barclays lowered their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $69.33.

ManpowerGroup Company Profile

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.