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

KLCM Advisors Inc. purchased a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 102,572 shares of the business services provider's stock, valued at approximately $8,151,000. ManpowerGroup accounts for 1.3% of KLCM Advisors Inc.'s holdings, making the stock its 28th largest position. KLCM Advisors Inc. owned about 0.21% of ManpowerGroup at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its position in ManpowerGroup by 345.1% during the third quarter. CWM LLC now owns 365 shares of the business services provider's stock valued at $27,000 after buying an additional 283 shares during the period. Venturi Wealth Management LLC raised its stake in shares of ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider's stock valued at $36,000 after acquiring an additional 160 shares during the last quarter. Comerica Bank bought a new position in shares of ManpowerGroup during the second quarter valued at about $470,000. Captrust Financial Advisors raised its stake in shares of ManpowerGroup by 72.6% during the first quarter. Captrust Financial Advisors now owns 858 shares of the business services provider's stock valued at $81,000 after acquiring an additional 361 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of ManpowerGroup by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,011 shares of the business services provider's stock valued at $74,000 after acquiring an additional 162 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Stock Up 0.1 %

MAN traded up $0.10 during midday trading on Wednesday, reaching $70.07. The company's stock had a trading volume of 659,376 shares, compared to its average volume of 382,044. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 0.60 and a beta of 1.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 1 year low of $67.35 and a 1 year high of $88.91. The stock's 50-day moving average is $73.26 and its 200-day moving average is $74.35.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.26. The business had revenue of $4.63 billion for the quarter, compared to analysts' expectations of $4.57 billion. ManpowerGroup had a net margin of 0.47% and a return on equity of 12.60%. The business's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.08 earnings per share. As a group, research analysts expect that ManpowerGroup Inc. will post 5.05 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on MAN shares. 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. StockNews.com downgraded shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. Truist Financial increased their price target 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. BNP Paribas reissued an "underperform" rating and issued a $70.00 price target on shares of ManpowerGroup in a research note on Friday, January 5th. Finally, BMO Capital Markets decreased their price target 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $83.00.

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.