ASGN Incorporated (NYSE:ASGN) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in ASGN Incorporated (NYSE:ASGN) by 7.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,561 shares of the business services provider’s stock after selling 1,688 shares during the period. Amalgamated Bank’s holdings in ASGN were worth $1,917,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Reinhart Partners LLC. increased its stake in shares of ASGN by 7.2% in the third quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after purchasing an additional 39,607 shares during the period. Argent Capital Management LLC raised its stake in ASGN by 43.8% during the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after acquiring an additional 2,868 shares in the last quarter. SG Americas Securities LLC boosted its position in ASGN by 1,851.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after acquiring an additional 18,868 shares during the period. LRI Investments LLC bought a new position in shares of ASGN in the first quarter worth $154,000. Finally, Handelsbanken Fonder AB grew its stake in shares of ASGN by 28.2% in the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after purchasing an additional 2,600 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

ASGN Trading Down 2.4 %

Shares of NYSE ASGN opened at $97.38 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. ASGN Incorporated has a 12 month low of $84.62 and a 12 month high of $106.42. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 24.97 and a beta of 1.40. The business has a fifty day simple moving average of $93.92 and a 200-day simple moving average of $93.71.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. ASGN had a net margin of 4.37% and a return on equity of 13.65%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Sell-side analysts predict that ASGN Incorporated will post 5.17 EPS for the current year.

Insider Buying and Selling at ASGN

In other news, Director Jonathan S. Holman sold 503 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $90.45, for a total value of $45,496.35. Following the completion of the sale, the director now owns 10,821 shares of the company’s stock, valued at $978,759.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Jonathan S. Holman sold 503 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $90.45, for a total value of $45,496.35. Following the completion of the sale, the director now directly owns 10,821 shares of the company’s stock, valued at $978,759.45. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arshad Matin sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $92.51, for a total transaction of $185,020.00. Following the sale, the director now owns 11,645 shares of the company’s stock, valued at approximately $1,077,278.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,563 shares of company stock valued at $1,279,418 in the last three months. 3.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BMO Capital Markets upped their price objective on shares of ASGN from $94.00 to $96.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 price objective on shares of ASGN in a research note on Thursday, October 24th. Finally, Jefferies Financial Group dropped their target price on ASGN from $95.00 to $88.00 and set a “hold” rating on the stock in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $97.44.

ASGN Company Profile

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.