Alberta Investment Management Corp Sells 27,223 Shares of ManpowerGroup Inc. (NYSE:MAN)

Alberta Investment Management Corp lowered its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 55.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,600 shares of the business services provider's stock after selling 27,223 shares during the period. Alberta Investment Management Corp's holdings in ManpowerGroup were worth $1,247,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of ManpowerGroup by 12,496.6% in the 3rd 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 boosted its position in shares of ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider's stock valued at $58,444,000 after purchasing an additional 4,113 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in ManpowerGroup in the 4th quarter worth about $34,200,000. Jacobs Levy Equity Management Inc. raised its holdings in ManpowerGroup by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider's stock worth $40,414,000 after buying an additional 32,083 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in ManpowerGroup by 4.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider's stock valued at $29,634,000 after buying an additional 15,407 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MAN shares. Truist Financial reissued a "hold" rating and issued a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. UBS Group lowered their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. One investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $69.33.

ManpowerGroup Stock Up 0.8 %

Shares of ManpowerGroup stock traded up $0.46 on Tuesday, hitting $54.77. 131,227 shares of the company traded hands, compared to its average volume of 694,578. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12-month low of $53.31 and a 12-month high of $78.87. The company has a 50-day moving average price of $57.45 and a 200 day moving average price of $64.12. The company has a market cap of $2.56 billion, a PE ratio of 18.31 and a beta of 1.45.

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.