KLCM Advisors Inc. Boosts Position in ManpowerGroup Inc. (NYSE:MAN)

KLCM Advisors Inc. increased its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 153.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 296,594 shares of the business services provider’s stock after acquiring an additional 179,788 shares during the quarter. ManpowerGroup makes up about 2.0% of KLCM Advisors Inc.’s portfolio, making the stock its 13th biggest holding. KLCM Advisors Inc.’s holdings in ManpowerGroup were worth $17,119,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 375 shares during the last quarter. WFA Asset Management Corp purchased a new stake in shares of ManpowerGroup during the 4th quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new position in ManpowerGroup in the third quarter valued at approximately $54,000. R Squared Ltd purchased a new position in ManpowerGroup in the fourth quarter worth approximately $95,000. Finally, Venturi Wealth Management LLC grew its position in ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after acquiring an additional 1,333 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

MAN opened at $55.15 on Monday. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 18.45 and a beta of 1.45. 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’s 50-day moving average price is $58.22 and its 200 day moving average price is $64.83. ManpowerGroup Inc. has a 12-month low of $53.70 and a 12-month high of $78.87.

Wall Street Analyst Weigh In

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

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.