KLCM Advisors Inc. Buys 9,835 Shares of ManpowerGroup Inc. (NYSE:MAN)

Key Points

• KLCM Advisors Inc. raised its stake in ManpowerGroup Inc. by 3.3%, now holding 306,429 shares valued at approximately $17.7 million.
• ManpowerGroup reported $0.78 earnings per share for the last quarter, surpassing estimates, with total revenue of $4.52 billion.
• Several analysts have recently adjusted their price targets for ManpowerGroup, with the consensus rating currently standing at "Hold" and an average price target of $48.20.

KLCM Advisors Inc. grew its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 306,429 shares of the business services provider's stock after purchasing an additional 9,835 shares during the period. ManpowerGroup comprises 2.1% of KLCM Advisors Inc.'s portfolio, making the stock its 11th largest holding. KLCM Advisors Inc. owned about 0.66% of ManpowerGroup worth $17,736,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in ManpowerGroup in the fourth quarter worth approximately $28,000. Fifth Third Bancorp increased its holdings in ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after buying an additional 243 shares during the last quarter. GAMMA Investing LLC increased its holdings in ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after buying an additional 488 shares during the last quarter. UMB Bank n.a. grew its holdings in ManpowerGroup by 131.7% during the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock valued at $52,000 after purchasing an additional 511 shares during the last quarter. Finally, WFA Asset Management Corp grew its holdings in ManpowerGroup by 129.3% during the first quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock valued at $80,000 after purchasing an additional 776 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MAN shares. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Truist Financial lowered their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. UBS Group increased their price objective on ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. BMO Capital Markets reduced their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $48.20.

ManpowerGroup Stock Performance

Shares of MAN traded up $0.11 during mid-day trading on Friday, hitting $41.30. The company's stock had a trading volume of 706,119 shares, compared to its average volume of 896,070. The firm has a market capitalization of $1.91 billion, a PE ratio of -108.68 and a beta of 1.08. ManpowerGroup Inc. has a one year low of $37.97 and a one year high of $75.57. The stock's 50-day moving average is $41.91 and its two-hundred day moving average is $47.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. The firm had revenue of $4.52 billion during the quarter, compared to analysts' expectations of $4.34 billion. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. ManpowerGroup's quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $1.30 earnings per share. As a group, sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current 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.