Robeco Institutional Asset Management B.V. Lowers Position in ManpowerGroup Inc. (NYSE:MAN)

Robeco Institutional Asset Management B.V. trimmed its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 322,876 shares of the business services provider's stock after selling 70,956 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.69% of ManpowerGroup worth $18,688,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of MAN. Dimensional Fund Advisors LP lifted its position in shares of ManpowerGroup by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider's stock worth $143,942,000 after purchasing an additional 59,763 shares during the period. AQR Capital Management LLC grew its holdings in shares of ManpowerGroup by 45.8% during the 4th quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after acquiring an additional 711,043 shares during the period. Invesco Ltd. grew its holdings in shares of ManpowerGroup by 4.2% during the 4th quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock worth $110,623,000 after acquiring an additional 77,234 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of ManpowerGroup by 73.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock worth $59,443,000 after acquiring an additional 434,480 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in shares of ManpowerGroup by 137.0% in the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock valued at $46,845,000 after purchasing an additional 469,184 shares during the period. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Stock Performance

Shares of MAN traded up $1.55 during mid-day trading on Wednesday, hitting $43.91. 872,881 shares of the company traded hands, compared to its average volume of 708,981. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 19.12 and a beta of 1.07. The stock has a 50-day moving average price of $41.61 and a two-hundred day moving average price of $51.22. ManpowerGroup Inc. has a 1 year low of $37.99 and a 1 year high of $78.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.12 and a current ratio of 1.12.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.63% and a return on equity of 9.10%. The firm had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the company earned $0.94 earnings per share. Equities analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup's dividend payout ratio (DPR) is presently 62.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. 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 shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. UBS Group cut 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 lowered their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $50.60.

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.