Boston Partners lifted its holdings in On Assignment, Inc. (NYSE:ASGN) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,765 shares of the business services provider’s stock after acquiring an additional 82,069 shares during the quarter. Boston Partners owned approximately 1.78% of On Assignment worth $59,370,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in ASGN. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of On Assignment by 38.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,099 shares of the business services provider’s stock valued at $199,000 after buying an additional 857 shares in the last quarter. Parametrica Management Ltd acquired a new position in On Assignment in the 4th quarter worth $265,000. Aurora Investment Counsel acquired a new position in On Assignment in the 4th quarter worth $268,000. Janney Montgomery Scott LLC acquired a new position in On Assignment in the 3rd quarter worth $280,000. Finally, Strs Ohio boosted its stake in shares of On Assignment by 45.5% during the 4th quarter. Strs Ohio now owns 4,800 shares of the business services provider’s stock worth $308,000 after buying an additional 1,500 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.
In other On Assignment news, Director Edwin A. Sheridan sold 33,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $61.45, for a total value of $2,027,850.00. Following the transaction, the director now directly owns 1,098,208 shares in the company, valued at $67,484,881.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Theodore S. Hanson sold 18,313 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $61.55, for a total transaction of $1,127,165.15. Following the completion of the sale, the insider now directly owns 253,639 shares in the company, valued at approximately $15,611,480.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,228 shares of company stock valued at $4,683,110. Insiders own 5.40% of the company’s stock.
Shares of On Assignment, Inc. (ASGN) traded up $0.28 during midday trading on Tuesday, reaching $72.23. 36,338 shares of the company were exchanged, compared to its average volume of 294,957. On Assignment, Inc. has a fifty-two week low of $43.83 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.57 and a quick ratio of 2.57. The company has a market capitalization of $3,643.13, a P/E ratio of 33.66, a PEG ratio of 1.97 and a beta of 2.11.
A number of equities analysts have recently commented on the stock. Wells Fargo & Co increased their price objective on shares of On Assignment from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. ValuEngine raised shares of On Assignment from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of On Assignment in a report on Friday, October 20th. Deutsche Bank raised their target price on shares of On Assignment from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research lowered shares of On Assignment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. On Assignment presently has an average rating of “Buy” and a consensus target price of $72.86.
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On Assignment Company Profile
On Assignment, Inc is a global provider of in-demand, skilled professionals in the technology, life sciences and creative sectors. The Company matches resumes with job descriptions to match people they know into positions they understand for temporary, contract-to-hire, and direct hire assignments. It operates through two segments.
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