Peregrine Capital Management LLC Has $31.37 Million Holdings in ASGN Inc (ASGN)

Peregrine Capital Management LLC cut its stake in ASGN Inc (NYSE:ASGN) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,102 shares of the business services provider’s stock after selling 10,196 shares during the period. ASGN makes up approximately 0.8% of Peregrine Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Peregrine Capital Management LLC owned approximately 0.94% of ASGN worth $31,371,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ASGN. Vanguard Group Inc. grew its position in ASGN by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,970,834 shares of the business services provider’s stock worth $392,347,000 after purchasing an additional 112,311 shares during the last quarter. Vanguard Group Inc raised its stake in shares of ASGN by 2.3% in the third quarter. Vanguard Group Inc now owns 4,970,834 shares of the business services provider’s stock worth $392,347,000 after acquiring an additional 112,311 shares during the last quarter. Capital International Investors bought a new position in shares of ASGN in the third quarter worth about $250,613,000. Northern Trust Corp raised its stake in shares of ASGN by 19.4% in the fourth quarter. Northern Trust Corp now owns 827,773 shares of the business services provider’s stock worth $45,114,000 after acquiring an additional 134,556 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of ASGN by 6.9% in the third quarter. Bank of New York Mellon Corp now owns 787,474 shares of the business services provider’s stock worth $62,155,000 after acquiring an additional 50,985 shares during the last quarter. Institutional investors and hedge funds own 90.01% of the company’s stock.

Shares of ASGN stock traded up $1.03 on Friday, hitting $63.00. The company had a trading volume of 338,325 shares, compared to its average volume of 310,075. The stock has a market capitalization of $3.33 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.49 and a beta of 1.91. ASGN Inc has a twelve month low of $51.05 and a twelve month high of $94.25. The company has a quick ratio of 2.23, a current ratio of 2.20 and a debt-to-equity ratio of 0.90.

ASGN (NYSE:ASGN) last released its quarterly earnings results on Wednesday, April 24th. The business services provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02). ASGN had a net margin of 4.49% and a return on equity of 20.45%. The company had revenue of $923.70 million during the quarter, compared to analyst estimates of $921.14 million. During the same quarter last year, the company earned $0.83 EPS. The firm’s quarterly revenue was up 34.8% compared to the same quarter last year. Equities analysts anticipate that ASGN Inc will post 4.67 EPS for the current fiscal year.

In related news, Director William E. Brock sold 1,480 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $61.72, for a total transaction of $91,345.60. Following the completion of the transaction, the director now owns 17,513 shares in the company, valued at $1,080,902.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.90% of the company’s stock.

A number of equities analysts have weighed in on ASGN shares. Jefferies Financial Group started coverage on shares of ASGN in a research note on Tuesday, March 12th. They issued a “buy” rating and a $70.00 target price for the company. BMO Capital Markets reissued a “buy” rating and set a $77.00 price target on shares of ASGN in a research note on Monday, January 21st. Zacks Investment Research raised shares of ASGN from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Tuesday, January 15th. Finally, Royal Bank of Canada assumed coverage on shares of ASGN in a research note on Tuesday, April 16th. They set an “outperform” rating and a $79.00 price target for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $74.00.

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ASGN 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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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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