Glen Harbor Capital Management LLC acquired a new position in ASGN Inc (NYSE:ASGN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,446 shares of the business services provider’s stock, valued at approximately $582,000.
A number of other institutional investors have also made changes to their positions in ASGN. First Mercantile Trust Co. purchased a new stake in ASGN in the 2nd quarter worth about $113,000. Victory Capital Management Inc. purchased a new stake in ASGN in the 2nd quarter worth about $132,000. Winslow Evans & Crocker Inc. purchased a new stake in ASGN in the 2nd quarter worth about $154,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in ASGN in the 2nd quarter worth about $158,000. Finally, Trexquant Investment LP purchased a new stake in ASGN in the 2nd quarter worth about $201,000. 91.66% of the stock is owned by hedge funds and other institutional investors.
ASGN opened at $71.08 on Tuesday. ASGN Inc has a fifty-two week low of $54.37 and a fifty-two week high of $94.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market cap of $4.13 billion, a PE ratio of 23.43, a PEG ratio of 1.91 and a beta of 1.94.
In related news, insider Theodore S. Hanson sold 12,409 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $92.85, for a total value of $1,152,175.65. Following the transaction, the insider now directly owns 238,623 shares of the company’s stock, valued at approximately $22,156,145.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Edward L. Pierce sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $90.77, for a total value of $2,269,250.00. Following the completion of the transaction, the chief financial officer now directly owns 56,584 shares in the company, valued at $5,136,129.68. The disclosure for this sale can be found here. Insiders sold a total of 50,687 shares of company stock worth $4,630,186 over the last three months. 3.90% of the stock is owned by company insiders.
Several brokerages recently issued reports on ASGN. Robert W. Baird reissued a “neutral” rating on shares of ASGN in a research note on Thursday, July 26th. Zacks Investment Research downgraded ASGN from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Credit Suisse Group assumed coverage on ASGN in a research note on Friday, August 10th. They set a “neutral” rating and a $92.00 price target for the company. Finally, ValuEngine downgraded ASGN from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $84.00.
ASGN Company Profile
ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.
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