Clark Estates Inc. NY Purchases 4,200 Shares of ManpowerGroup Inc. (NYSE:MAN)

Clark Estates Inc. NY increased its position in ManpowerGroup Inc. (NYSE:MAN) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,500 shares of the business services provider’s stock after buying an additional 4,200 shares during the period. Clark Estates Inc. NY owned 0.09% of ManpowerGroup worth $2,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup during the 4th quarter worth $35,000. SRS Capital Advisors Inc. boosted its holdings in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after purchasing an additional 562 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in ManpowerGroup during the third quarter worth $54,000. Blue Trust Inc. raised its holdings in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after buying an additional 778 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of ManpowerGroup in the fourth quarter worth about $95,000. Institutional investors own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MAN shares. JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Barclays decreased their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research report on Friday, January 3rd. Truist Financial reissued a “hold” rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a research report on Friday, January 31st. Finally, UBS Group decreased their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and an average target price of $69.33.

ManpowerGroup Stock Down 0.2 %

Shares of MAN stock opened at $57.43 on Wednesday. ManpowerGroup Inc. has a 12 month low of $53.31 and a 12 month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.68 billion, a PE ratio of 19.21 and a beta of 1.45. The stock has a 50 day moving average of $57.36 and a 200-day moving average of $63.64.

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.