Amalgamated Bank Decreases Stake in ASGN Incorporated (NYSE:ASGN)

Amalgamated Bank lessened its position in ASGN Incorporated (NYSE:ASGNFree Report) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 29,006 shares of the business services provider’s stock after selling 1,178 shares during the period. Amalgamated Bank owned approximately 0.06% of ASGN worth $2,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ASGN. Captrust Financial Advisors lifted its holdings in ASGN by 7.8% in the second quarter. Captrust Financial Advisors now owns 1,833 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 132 shares during the period. EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 171 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in ASGN during the second quarter worth about $29,000. Argent Capital Management LLC grew its position in ASGN by 18.4% during the second quarter. Argent Capital Management LLC now owns 4,546 shares of the business services provider’s stock worth $344,000 after buying an additional 707 shares during the period. Finally, SG Americas Securities LLC increased its holdings in ASGN by 8.1% in the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock valued at $1,298,000 after buying an additional 1,193 shares in the last quarter. Hedge funds and other institutional investors own 94.41% of the company’s stock.

Analyst Upgrades and Downgrades

ASGN has been the topic of several research analyst reports. Bank Of America (Bofa) reissued an “underweight” rating and set a $70.00 price target on shares of ASGN in a research note on Monday, January 8th. Jefferies Financial Group upped their target price on ASGN to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. William Blair assumed coverage on ASGN in a research note on Friday, December 1st. They set a “buy” rating for the company. UBS Group lowered their price objective on shares of ASGN to $72.00 and set a “sell” rating on the stock in a research note on Friday, December 8th. Finally, TheStreet upgraded shares of ASGN from a “c+” rating to a “b-” rating in a report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $93.50.

Check Out Our Latest Stock Report on ASGN

ASGN Stock Performance

NYSE:ASGN opened at $94.41 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market cap of $4.46 billion, a PE ratio of 20.98, a P/E/G ratio of 11.72 and a beta of 1.50. The firm has a 50 day simple moving average of $93.31 and a 200-day simple moving average of $86.16. ASGN Incorporated has a 1-year low of $63.27 and a 1-year high of $98.26.

ASGN (NYSE:ASGNGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.08. ASGN had a return on equity of 15.52% and a net margin of 4.93%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $1.51 EPS. ASGN’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts expect that ASGN Incorporated will post 5.82 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jonathan S. Holman sold 1,000 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $91.31, for a total transaction of $91,310.00. Following the completion of the transaction, the director now owns 10,793 shares of the company’s stock, valued at approximately $985,508.83. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by corporate insiders.

ASGN Company Profile

(Free Report)

ASGN Incorporated provides information technology services and professional 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.

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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