361 Capital LLC grew its position in shares of ASGN Inc (NYSE:ASGN) by 10.2% during the first quarter, HoldingsChannel.com reports. The fund owned 40,188 shares of the business services provider’s stock after purchasing an additional 3,704 shares during the period. 361 Capital LLC’s holdings in ASGN were worth $2,552,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of ASGN in the 4th quarter worth approximately $35,991,000. Millennium Management LLC grew its stake in shares of ASGN by 223.1% in the 4th quarter. Millennium Management LLC now owns 446,094 shares of the business services provider’s stock worth $24,312,000 after buying an additional 308,035 shares during the last quarter. Deutsche Bank AG grew its stake in shares of ASGN by 77.3% in the 4th quarter. Deutsche Bank AG now owns 328,105 shares of the business services provider’s stock worth $17,880,000 after buying an additional 143,013 shares during the last quarter. Northern Trust Corp grew its stake in shares of ASGN by 19.4% in the 4th quarter. Northern Trust Corp now owns 827,773 shares of the business services provider’s stock worth $45,114,000 after buying an additional 134,556 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of ASGN by 345.5% in the 4th quarter. American Century Companies Inc. now owns 149,157 shares of the business services provider’s stock worth $8,129,000 after buying an additional 115,675 shares during the last quarter. Hedge funds and other institutional investors own 88.53% of the company’s stock.
Several analysts recently weighed in on the company. Royal Bank of Canada assumed coverage on ASGN in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $79.00 price target on the stock. Jefferies Financial Group assumed coverage on ASGN in a research note on Tuesday, March 12th. They issued a “buy” rating and a $70.00 price target on the stock. Zacks Investment Research downgraded ASGN from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. Finally, BMO Capital Markets restated a “buy” rating and issued a $77.00 price target on shares of ASGN in a research note on Monday, January 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $74.00.
ASGN stock opened at $55.65 on Tuesday. The company has a market capitalization of $2.97 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.33 and a beta of 1.91. ASGN Inc has a 12-month low of $51.05 and a 12-month high of $94.25. The company has a current ratio of 2.20, a quick ratio of 2.23 and a debt-to-equity ratio of 0.96.
ASGN (NYSE:ASGN) last released its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.02). The business had revenue of $923.70 million during the quarter, compared to the consensus estimate of $921.14 million. ASGN had a net margin of 4.49% and a return on equity of 20.45%. The business’s revenue was up 34.8% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. As a group, analysts forecast that ASGN Inc will post 4.67 EPS for the current year.
In related news, Director William E. Brock sold 1,480 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $61.72, for a total value of $91,345.60. Following the transaction, the director now directly owns 17,513 shares of the company’s stock, valued at approximately $1,080,902.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.00% of the company’s stock.
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ASGN Company Profile
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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