Carol Lindstrom Sells 1,000 Shares of ASGN Incorporated (NYSE:ASGN) Stock

ASGN Incorporated (NYSE:ASGN) Director Carol Lindstrom sold 1,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $97.04, for a total value of $97,040.00. Following the completion of the transaction, the director now directly owns 5,639 shares in the company, valued at approximately $547,208.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

ASGN Trading Down 2.3 %

Shares of NYSE ASGN traded down $2.24 during midday trading on Tuesday, reaching $96.44. 983,148 shares of the stock were exchanged, compared to its average volume of 259,887. The stock has a 50 day moving average price of $99.64 and a 200-day moving average price of $93.72. ASGN Incorporated has a 52-week low of $63.27 and a 52-week high of $106.42. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $4.48 billion, a P/E ratio of 22.33, a P/E/G ratio of 7.08 and a beta of 1.50.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, April 24th. The business services provider reported $1.16 EPS for the quarter, hitting analysts’ consensus estimates of $1.16. ASGN had a net margin of 4.76% and a return on equity of 14.90%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the company posted $1.38 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities research analysts expect that ASGN Incorporated will post 5.28 earnings per share for the current fiscal year.

Institutional Trading of ASGN

Several institutional investors have recently added to or reduced their stakes in ASGN. SG Americas Securities LLC raised 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 acquiring an additional 1,193 shares in the last quarter. Argent Capital Management LLC raised its holdings in ASGN by 19.5% in the third quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider’s stock valued at $444,000 after acquiring an additional 887 shares in the last quarter. Reinhart Partners LLC. increased its stake in ASGN by 6.0% during the third quarter. Reinhart Partners LLC. now owns 490,853 shares of the business services provider’s stock valued at $40,093,000 after purchasing an additional 27,871 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in ASGN by 38.5% during the third quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 171 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its stake in ASGN by 3.6% during the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock valued at $9,005,000 after purchasing an additional 3,787 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASGN has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on ASGN to $88.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. Truist Financial lifted their price target on ASGN from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Bank Of America (Bofa) restated an “underweight” rating and set a $70.00 price objective on shares of ASGN in a research report on Monday, January 8th. Robert W. Baird increased their target price on ASGN from $99.00 to $104.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets cut their price target on ASGN from $95.00 to $94.00 and set a “market perform” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.67.

ASGN Company Profile

ASGN Incorporated engages in the provision of information technology (IT) services and 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.