Kelly Services, Inc. $KELYA Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in Kelly Services, Inc. (NASDAQ:KELYA) by 50.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,313 shares of the business services provider’s stock after selling 53,579 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.15% of Kelly Services worth $848,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in shares of Kelly Services during the first quarter valued at $4,371,000. Donald Smith & CO. Inc. acquired a new stake in shares of Kelly Services in the 2nd quarter valued at $5,704,000. Bank of New York Mellon Corp grew its holdings in shares of Kelly Services by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 347,605 shares of the business services provider’s stock worth $3,076,000 after purchasing an additional 4,326 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Kelly Services by 34.5% in the 1st quarter. Quantinno Capital Management LP now owns 189,010 shares of the business services provider’s stock worth $1,673,000 after purchasing an additional 48,431 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Kelly Services by 20.8% in the 1st quarter. Empowered Funds LLC now owns 155,590 shares of the business services provider’s stock worth $1,377,000 after purchasing an additional 26,832 shares during the last quarter. 76.34% of the stock is currently owned by institutional investors.

Kelly Services Trading Down 1.3%

KELYA stock opened at $16.58 on Tuesday. The business has a fifty day moving average price of $16.30 and a 200 day moving average price of $12.36. Kelly Services, Inc. has a fifty-two week low of $7.98 and a fifty-two week high of $17.75. The stock has a market capitalization of $575.82 million, a price-to-earnings ratio of -2.12, a P/E/G ratio of 1.17 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.19. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%. During the same quarter in the previous year, the company posted $0.52 EPS. Analysts expect that Kelly Services, Inc. will post 1.10 EPS for the current fiscal year.

Kelly Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a $0.0750 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.8%. Kelly Services’s dividend payout ratio (DPR) is -3.84%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KELYA shares. Weiss Ratings raised shares of Kelly Services from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of Kelly Services from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Finally, Barrington Research upped their price objective on shares of Kelly Services from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.00.

About Kelly Services

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.