Fox Run Management L.L.C. Acquires New Holdings in ManpowerGroup Inc. (NYSE:MAN)

Fox Run Management L.L.C. acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,002 shares of the business services provider’s stock, valued at approximately $750,000.

A number of other large investors have also recently added to or reduced their stakes in the business. WFA Asset Management Corp acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $35,000. SRS Capital Advisors Inc. boosted its stake in shares of ManpowerGroup by 171.3% during the 4th 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 during the last quarter. Blue Trust Inc. boosted its stake in shares of ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after purchasing an additional 778 shares during the last quarter. R Squared Ltd acquired a new stake in shares of ManpowerGroup during the 4th quarter worth about $95,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after purchasing an additional 587 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 2.4 %

NYSE MAN opened at $57.68 on Monday. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87. The company’s 50 day moving average price is $58.22 and its 200 day moving average price is $62.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 19.29 and a beta of 1.43.

Wall Street Analyst Weigh In

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

ManpowerGroup Company 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.