KLCM Advisors Inc. Invests $8.15 Million in ManpowerGroup Inc. (NYSE:MAN)

KLCM Advisors Inc. purchased a new position in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 102,572 shares of the business services provider’s stock, valued at approximately $8,151,000. ManpowerGroup makes up 1.3% of KLCM Advisors Inc.’s holdings, making the stock its 28th largest holding.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in shares of ManpowerGroup by 54.8% in the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after acquiring an additional 160 shares during the period. Exchange Traded Concepts LLC raised its position in shares of ManpowerGroup by 19.1% in the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider’s stock worth $74,000 after acquiring an additional 162 shares during the period. Raymond James & Associates raised its position in shares of ManpowerGroup by 5.2% in the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after acquiring an additional 173 shares during the period. Covestor Ltd increased its stake in shares of ManpowerGroup by 8.0% during the third quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock worth $189,000 after purchasing an additional 190 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its stake in shares of ManpowerGroup by 9.1% during the first quarter. Belpointe Asset Management LLC now owns 2,295 shares of the business services provider’s stock worth $189,000 after purchasing an additional 192 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Trading Down 0.8 %

NYSE:MAN traded down $0.59 on Wednesday, hitting $69.97. The stock had a trading volume of 421,354 shares, compared to its average volume of 320,207. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 41.92, a PEG ratio of 0.60 and a beta of 1.54. The company has a fifty day moving average price of $73.31 and a two-hundred day moving average price of $74.38. ManpowerGroup Inc. has a 1-year low of $67.35 and a 1-year high of $88.91.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Tuesday, January 30th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.26. The company had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.57 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. ManpowerGroup’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 EPS. Equities research analysts expect that ManpowerGroup Inc. will post 5.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on MAN shares. BNP Paribas reissued an “underperform” rating and set a $70.00 target price on shares of ManpowerGroup in a research note on Friday, January 5th. William Blair started coverage on shares of ManpowerGroup in a research note on Monday, January 8th. They set a “market perform” rating for the company. Truist Financial boosted their target price on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $86.00 to $85.00 and set a “market perform” rating for the company in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $83.00.

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.