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

Robeco Institutional Asset Management B.V. lifted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 4.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 403,070 shares of the business services provider’s stock after purchasing an additional 15,407 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ManpowerGroup were worth $29,634,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MAN. GSA Capital Partners LLP purchased a new stake in shares of ManpowerGroup in the 1st quarter valued at $1,290,000. Texas Permanent School Fund Corp boosted its position in ManpowerGroup by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 42,717 shares of the business services provider’s stock valued at $3,317,000 after buying an additional 553 shares during the period. Duality Advisers LP grew its stake in shares of ManpowerGroup by 169.5% during the first quarter. Duality Advisers LP now owns 29,581 shares of the business services provider’s stock valued at $2,297,000 after buying an additional 18,604 shares during the last quarter. Sei Investments Co. increased its holdings in shares of ManpowerGroup by 14.1% in the first quarter. Sei Investments Co. now owns 58,241 shares of the business services provider’s stock worth $4,522,000 after buying an additional 7,198 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of ManpowerGroup by 72.8% in the 1st quarter. Russell Investments Group Ltd. now owns 199,045 shares of the business services provider’s stock valued at $15,453,000 after acquiring an additional 83,827 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Down 0.3 %

Shares of ManpowerGroup stock opened at $63.39 on Wednesday. The company’s fifty day simple moving average is $69.74 and its two-hundred day simple moving average is $71.82. ManpowerGroup Inc. has a 12-month low of $61.53 and a 12-month high of $80.25. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.01 billion, a P/E ratio of 80.24 and a beta of 1.46.

Wall Street Analyst Weigh In

MAN has been the topic of several recent research reports. BMO Capital Markets reduced their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. UBS Group decreased their target price on shares of ManpowerGroup from $78.00 to $71.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. Truist Financial dropped their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $76.60.

Insider Buying and Selling

In other news, CFO John T. Mcginnis acquired 8,000 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were acquired at an average cost of $62.28 per share, with a total value of $498,240.00. Following the transaction, the chief financial officer now owns 70,639 shares in the company, valued at $4,399,396.92. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by insiders.

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.