DE Burlo Group Inc. boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 194.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,700 shares of the business services provider’s stock after purchasing an additional 52,000 shares during the quarter. ManpowerGroup accounts for approximately 2.0% of DE Burlo Group Inc.’s holdings, making the stock its 19th biggest position. DE Burlo Group Inc. owned 0.12% of ManpowerGroup worth $9,924,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. National Pension Service acquired a new position in ManpowerGroup during the 4th quarter valued at $165,000. Calamos Advisors LLC acquired a new position in ManpowerGroup during the 3rd quarter valued at $203,000. Bank of Hawaii acquired a new position in ManpowerGroup during the 3rd quarter valued at $207,000. Koch Industries Inc. acquired a new position in ManpowerGroup during the 2nd quarter valued at $208,000. Finally, Mckinley Capital Management LLC Delaware acquired a new position in ManpowerGroup during the 3rd quarter valued at $221,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.
ManpowerGroup Inc. (NYSE:MAN) opened at $119.43 on Wednesday. ManpowerGroup Inc. has a one year low of $94.34 and a one year high of $136.93. The stock has a market cap of $7,782.58, a price-to-earnings ratio of 16.61 and a beta of 1.29. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.17.
ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Friday, February 2nd. The business services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.07. ManpowerGroup had a net margin of 2.59% and a return on equity of 17.86%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the company posted $1.87 EPS. The business’s revenue was up 13.7% on a year-over-year basis. sell-side analysts forecast that ManpowerGroup Inc. will post 8.96 earnings per share for the current year.
In other news, EVP Mara E. Swan sold 7,127 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $118.84, for a total value of $846,972.68. Following the sale, the executive vice president now owns 27,986 shares of the company’s stock, valued at approximately $3,325,856.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Patricia Hemingway Hall sold 3,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $127.54, for a total transaction of $382,620.00. Following the completion of the sale, the director now directly owns 4,021 shares in the company, valued at approximately $512,838.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,127 shares of company stock valued at $2,499,593. Corporate insiders own 0.87% of the company’s stock.
MAN has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research note on Wednesday, October 18th. Deutsche Bank reiterated a “hold” rating and set a $110.00 target price on shares of ManpowerGroup in a research note on Tuesday, January 9th. ValuEngine upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Argus upped their target price on shares of ManpowerGroup from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Nomura upped their target price on shares of ManpowerGroup from $127.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $124.50.
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ManpowerGroup Company Profile
ManpowerGroup Inc is a provider of workforce solutions and services. The Company’s segments include Americas, Southern Europe, Northern Europe, Asia Pacific Middle East (APME), Right Management and Corporate. The Company’s Americas segment includes operations in the United States and Other Americas. Its Southern Europe segment includes operations in France, Italy and Other Southern Europe.
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