Aquatic Capital Management LLC Acquires 61,833 Shares of ManpowerGroup Inc. (NYSE:MAN)

Aquatic Capital Management LLC grew its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 2,290.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,533 shares of the business services provider's stock after buying an additional 61,833 shares during the quarter. Aquatic Capital Management LLC owned 0.14% of ManpowerGroup worth $3,725,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MAN. Barclays PLC raised its stake in shares of ManpowerGroup by 62.9% in the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock valued at $11,387,000 after buying an additional 59,821 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of ManpowerGroup during the 3rd quarter worth about $664,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of ManpowerGroup during the 3rd quarter worth about $207,000. Synovus Financial Corp increased its position in shares of ManpowerGroup by 7.8% during the 3rd quarter. Synovus Financial Corp now owns 7,922 shares of the business services provider's stock worth $582,000 after purchasing an additional 570 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of ManpowerGroup by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 186,295 shares of the business services provider's stock worth $13,464,000 after purchasing an additional 5,207 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analyst Weigh In

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

ManpowerGroup Stock Down 0.8 %

Shares of ManpowerGroup stock traded down $0.34 during trading hours on Thursday, reaching $42.73. 1,245,966 shares of the company's stock were exchanged, compared to its average volume of 631,237. The company has a 50 day moving average of $53.46 and a two-hundred day moving average of $58.06. ManpowerGroup Inc. has a fifty-two week low of $39.22 and a fifty-two week high of $78.87. 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 market cap of $2.00 billion, a P/E ratio of 14.29 and a beta of 1.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results 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 firm had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the business posted $0.94 earnings per share. On average, sell-side analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup 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.