ASGN Incorporated (NYSE:ASGN) Stock Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in ASGN Incorporated (NYSE:ASGN) by 80.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,097 shares of the business services provider’s stock after selling 12,794 shares during the quarter. SG Americas Securities LLC’s holdings in ASGN were worth $298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kennedy Capital Management LLC increased its holdings in shares of ASGN by 3.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after acquiring an additional 3,787 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock worth $50,000 after purchasing an additional 171 shares during the period. Reinhart Partners LLC. grew its holdings in ASGN by 6.0% during the third quarter. Reinhart Partners LLC. now owns 490,853 shares of the business services provider’s stock valued at $40,093,000 after purchasing an additional 27,871 shares during the last quarter. Argent Capital Management LLC raised its position in shares of ASGN by 19.5% in the third quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 887 shares during the period. Finally, State of Tennessee Treasury Department lifted its stake in shares of ASGN by 54.6% in the second quarter. State of Tennessee Treasury Department now owns 24,313 shares of the business services provider’s stock worth $1,839,000 after buying an additional 8,588 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ASGN. BMO Capital Markets lifted their target price on shares of ASGN to $110.00 and gave the stock a “hold” rating in a report on Wednesday, January 10th. Bank Of America (Bofa) restated an “underweight” rating and issued a $70.00 price target on shares of ASGN in a research report on Monday, January 8th. Truist Financial lifted their target price on shares of ASGN from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Jefferies Financial Group lifted their price target on shares of ASGN to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $110.00 price target on shares of ASGN in a report on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $93.50.

ASGN Trading Down 0.0 %

ASGN opened at $98.87 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 2.47. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 3.97 and a beta of 1.50. The firm has a 50 day simple moving average of $98.96 and a 200 day simple moving average of $92.13. ASGN Incorporated has a fifty-two week low of $63.27 and a fifty-two week high of $106.42.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. ASGN had a net margin of 4.93% and a return on equity of 15.52%. ASGN’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.51 earnings per share. On average, sell-side analysts anticipate that ASGN Incorporated will post 5.79 earnings per share for the current year.

Insider Buying and Selling

In related news, President Randolph C. Blazer sold 7,746 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the completion of the transaction, the president now owns 107,923 shares in the company, valued at $10,178,218.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Jennifer Hankes Painter sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $93.62, for a total transaction of $102,982.00. Following the completion of the transaction, the senior vice president now owns 52,716 shares in the company, valued at $4,935,271.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Randolph C. Blazer sold 7,746 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $94.31, for a total transaction of $730,525.26. Following the transaction, the president now owns 107,923 shares of the company’s stock, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by insiders.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.