Tocqueville Asset Management L.P. purchased a new position in ASGN Inc (NYSE:ASGN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,756 shares of the business services provider’s stock, valued at approximately $215,000.
A number of other large investors also recently bought and sold shares of ASGN. Chatham Capital Group Inc. increased its holdings in ASGN by 2.5% during the second quarter. Chatham Capital Group Inc. now owns 32,320 shares of the business services provider’s stock worth $2,527,000 after buying an additional 775 shares during the last quarter. Piedmont Investment Advisors LLC increased its holdings in ASGN by 9.5% during the second quarter. Piedmont Investment Advisors LLC now owns 11,484 shares of the business services provider’s stock worth $898,000 after buying an additional 1,000 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in ASGN during the second quarter worth about $113,000. Victory Capital Management Inc. purchased a new stake in ASGN during the second quarter worth about $132,000. Finally, Winslow Evans & Crocker Inc. purchased a new stake in ASGN during the second quarter worth about $154,000. Institutional investors and hedge funds own 91.66% of the company’s stock.
In related news, CFO Edward L. Pierce sold 25,000 shares of the business’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 transaction of $2,269,250.00. Following the completion of the transaction, the chief financial officer now owns 56,584 shares of the company’s stock, valued at $5,136,129.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Randolph C. Blazer sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $90.57, for a total transaction of $905,700.00. Following the transaction, the insider now directly owns 45,837 shares of the company’s stock, valued at approximately $4,151,457.09. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,687 shares of company stock valued at $4,630,186. 3.90% of the stock is owned by corporate insiders.
A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of ASGN from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research upgraded shares of ASGN from a “hold” rating to a “buy” rating and set a $101.00 price objective for the company in a report on Wednesday, August 15th. Robert W. Baird restated a “neutral” rating on shares of ASGN in a report on Thursday, July 26th. Finally, Credit Suisse Group initiated coverage on shares of ASGN in a report on Friday, August 10th. They set a “neutral” rating and a $92.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. ASGN presently has an average rating of “Buy” and an average price target of $84.00.
Shares of ASGN traded down $3.98 during trading hours on Friday, hitting $71.67. The company’s stock had a trading volume of 837,765 shares, compared to its average volume of 308,593. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.91 and a beta of 1.94. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 1.16. ASGN Inc has a 52-week low of $54.37 and a 52-week high of $94.25.
ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, July 25th. The business services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.06. The firm had revenue of $878.50 million during the quarter, compared to the consensus estimate of $865.03 million. ASGN had a net margin of 5.67% and a return on equity of 19.07%. The company’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. On average, sell-side analysts expect that ASGN Inc will post 4.14 earnings per share for the current fiscal year.
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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