Reinhart Partners Inc. lowered its stake in shares of ASGN Inc (NYSE:ASGN) by 0.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 116,465 shares of the business services provider’s stock after selling 400 shares during the period. Reinhart Partners Inc. owned approximately 0.22% of ASGN worth $7,321,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of ASGN. Community Capital Management Inc. purchased a new stake in shares of ASGN in the second quarter valued at $1,000,000. Atria Investments LLC bought a new position in shares of ASGN during the second quarter worth $206,000. Oregon Public Employees Retirement Fund boosted its position in shares of ASGN by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,271 shares of the business services provider’s stock worth $1,289,000 after purchasing an additional 301 shares in the last quarter. FDx Advisors Inc. boosted its position in shares of ASGN by 8.2% during the second quarter. FDx Advisors Inc. now owns 4,960 shares of the business services provider’s stock worth $301,000 after purchasing an additional 378 shares in the last quarter. Finally, Moody Aldrich Partners LLC boosted its position in shares of ASGN by 2.8% during the second quarter. Moody Aldrich Partners LLC now owns 42,947 shares of the business services provider’s stock worth $2,603,000 after purchasing an additional 1,157 shares in the last quarter. Institutional investors and hedge funds own 91.51% of the company’s stock.
Several equities research analysts have issued reports on ASGN shares. ValuEngine lowered shares of ASGN from a “hold” rating to a “sell” rating in a research note on Friday, October 25th. SunTrust Banks cut their price objective on shares of ASGN to $84.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada set a $76.00 price objective on shares of ASGN and gave the company a “buy” rating in a report on Friday, July 26th. Bank of America cut their price objective on shares of ASGN from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Zacks Investment Research lowered shares of ASGN from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $72.14.
Shares of ASGN stock traded down $0.24 during trading on Friday, hitting $66.98. 191,509 shares of the stock traded hands, compared to its average volume of 302,925. The firm has a market cap of $3.56 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. The company has a current ratio of 2.11, a quick ratio of 2.14 and a debt-to-equity ratio of 0.74. ASGN Inc has a 52-week low of $50.33 and a 52-week high of $71.21. The stock’s fifty day simple moving average is $62.08 and its 200 day simple moving average is $60.50.
ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.23 by $0.08. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $998.20 million. ASGN had a return on equity of 19.01% and a net margin of 4.74%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. As a group, equities analysts expect that ASGN Inc will post 4.58 EPS for the current year.
ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.
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