ASGN (NYSE:ASGN) Reaches New 52-Week Low - Time to Sell?

Key Points

• ASGN Incorporated shares reached a new 52-week low of $46.00, closing at $46.21, following a decline in trading prices amid multiple analyst downgrades.
• Institutional investors hold 95.36% of ASGN's stock, with recent activity indicating increased investments from firms like GAMMA Investing LLC and Reinhart Partners LLC.
• In its latest quarterly report, ASGN beat EPS estimates with $1.17 but experienced a 1.4% revenue decline year-over-year, reflecting ongoing financial challenges.

ASGN Incorporated (NYSE:ASGN - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $46.00 and last traded at $46.21, with a volume of 90597 shares changing hands. The stock had previously closed at $47.58.

Analyst Upgrades and Downgrades

ASGN has been the topic of a number of research reports. Wells Fargo & Company cut their price target on shares of ASGN from $56.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Wall Street Zen lowered shares of ASGN from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Weiss Ratings reissued a "sell (d+)" rating on shares of ASGN in a research report on Wednesday. Jefferies Financial Group reissued an "underperform" rating and issued a $42.00 price objective (down previously from $53.00) on shares of ASGN in a research report on Monday, July 7th. Finally, UBS Group cut their price objective on shares of ASGN from $49.00 to $47.00 and set a "sell" rating on the stock in a research report on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $61.67.

ASGN Stock Performance

The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.46 and a beta of 0.93. The stock's fifty day moving average is $50.76 and its two-hundred day moving average is $53.06. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.66.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The business services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.08 by $0.09. ASGN had a net margin of 3.50% and a return on equity of 11.90%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $994.64 million. During the same period in the previous year, the company earned $1.36 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. ASGN has set its Q3 2025 guidance at 1.180-1.260 EPS. On average, analysts predict that ASGN Incorporated will post 5.15 earnings per share for the current year.

Hedge Funds Weigh In On ASGN

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in shares of ASGN in the first quarter valued at $396,000. GAMMA Investing LLC increased its holdings in shares of ASGN by 662.8% in the first quarter. GAMMA Investing LLC now owns 1,045 shares of the business services provider's stock valued at $66,000 after purchasing an additional 908 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of ASGN by 53.1% in the second quarter. Reinhart Partners LLC. now owns 1,019,406 shares of the business services provider's stock valued at $50,900,000 after purchasing an additional 353,419 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of ASGN by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 16,074 shares of the business services provider's stock valued at $1,013,000 after acquiring an additional 485 shares during the period. Finally, Entropy Technologies LP boosted its position in shares of ASGN by 105.5% in the first quarter. Entropy Technologies LP now owns 7,378 shares of the business services provider's stock valued at $465,000 after acquiring an additional 3,788 shares during the period. 95.36% of the stock is currently owned by institutional investors and hedge funds.

About ASGN

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.

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