Robeco Institutional Asset Management B.V. Sells 1,536 Shares of ManpowerGroup Inc. (NYSE:MAN)

Robeco Institutional Asset Management B.V. lessened its stake in ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 249,714 shares of the business services provider’s stock after selling 1,536 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ManpowerGroup were worth $16,156,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Lingohr & Partner Asset Management GmbH lifted its stake in shares of ManpowerGroup by 2.5% in the third quarter. Lingohr & Partner Asset Management GmbH now owns 5,023 shares of the business services provider’s stock valued at $394,000 after buying an additional 123 shares during the period. Crossmark Global Holdings Inc. lifted its stake in ManpowerGroup by 1.2% during the third quarter. Crossmark Global Holdings Inc. now owns 11,270 shares of the business services provider’s stock worth $729,000 after purchasing an additional 130 shares during the period. IFP Advisors Inc lifted its stake in ManpowerGroup by 14.3% during the third quarter. IFP Advisors Inc now owns 1,041 shares of the business services provider’s stock worth $99,000 after purchasing an additional 130 shares during the period. Strengthening Families & Communities LLC lifted its stake in ManpowerGroup by 8.9% during the third quarter. Strengthening Families & Communities LLC now owns 1,716 shares of the business services provider’s stock worth $110,000 after purchasing an additional 140 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in ManpowerGroup by 28.0% during the third quarter. EverSource Wealth Advisors LLC now owns 773 shares of the business services provider’s stock worth $50,000 after purchasing an additional 169 shares during the period. Institutional investors own 97.27% of the company’s stock.

Wall Street Analyst Weigh In

MAN has been the subject of several recent analyst reports. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Monday, November 21st. StockNews.com assumed coverage on shares of ManpowerGroup in a research note on Thursday. They issued a “hold” rating on the stock. The Goldman Sachs Group raised their price objective on shares of ManpowerGroup from $64.00 to $73.00 and gave the company a “sell” rating in a research note on Monday, December 5th. Robert W. Baird lifted their price target on shares of ManpowerGroup from $94.00 to $101.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 1st. Finally, BNP Paribas started coverage on shares of ManpowerGroup in a research report on Thursday, January 5th. They issued an “outperform” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $82.22.

ManpowerGroup Stock Down 1.6 %

Shares of MAN opened at $78.75 on Friday. ManpowerGroup Inc. has a 52 week low of $64.00 and a 52 week high of $101.53. The firm has a market cap of $4.00 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.67. The firm’s 50-day simple moving average is $86.49 and its 200 day simple moving average is $80.93. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.21 and a current ratio of 1.21.

ManpowerGroup (NYSE:MAN – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The business services provider reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.06). The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.75 billion. ManpowerGroup had a return on equity of 18.19% and a net margin of 1.89%. The business’s revenue was down 10.6% on a year-over-year basis. During the same period last year, the company posted $2.20 EPS. On average, analysts forecast that ManpowerGroup Inc. will post 6.89 earnings per share for the current year.

Insider Buying and Selling at ManpowerGroup

In related news, Director Ulice Payne, Jr. sold 780 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $89.09, for a total transaction of $69,490.20. Following the transaction, the director now directly owns 9,720 shares of the company’s stock, valued at $865,954.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ulice Payne, Jr. sold 780 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $89.09, for a total transaction of $69,490.20. Following the transaction, the director now directly owns 9,720 shares of the company’s stock, valued at $865,954.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donald O. Mondano sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $85.50, for a total transaction of $213,750.00. Following the sale, the senior vice president now owns 5,440 shares of the company’s stock, valued at approximately $465,120. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

ManpowerGroup Profile

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.