SG Americas Securities LLC Makes New $396,000 Investment in ASGN Incorporated (NYSE:ASGN)

SG Americas Securities LLC purchased a new stake in ASGN Incorporated (NYSE:ASGN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,282 shares of the business services provider's stock, valued at approximately $396,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Reinhart Partners LLC. boosted its holdings in ASGN by 13.4% in the 1st quarter. Reinhart Partners LLC. now owns 665,987 shares of the business services provider's stock worth $41,971,000 after buying an additional 78,794 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of ASGN by 47,970.1% in the first quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider's stock valued at $41,500,000 after acquiring an additional 65,719 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in shares of ASGN by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock worth $1,832,000 after acquiring an additional 6,576 shares during the last quarter. Cibc World Markets Corp purchased a new stake in shares of ASGN during the fourth quarter worth approximately $337,000. Finally, J.Safra Asset Management Corp raised its stake in ASGN by 48.1% in the 4th quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider's stock valued at $36,000 after purchasing an additional 139 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company's stock.

Analysts Set New Price Targets

ASGN has been the topic of a number of research reports. UBS Group decreased their price objective on ASGN from $56.00 to $54.00 and set a "sell" rating on the stock in a report on Thursday, April 24th. Truist Financial decreased their price target on shares of ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company began coverage on shares of ASGN in a research note on Tuesday, June 3rd. They set an "equal weight" rating and a $56.00 price objective for the company. Finally, Canaccord Genuity Group reiterated a "hold" rating and issued a $55.00 price objective (down previously from $115.00) on shares of ASGN in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, ASGN presently has a consensus rating of "Hold" and an average price target of $71.33.

ASGN Trading Down 0.2%

Shares of ASGN traded down $0.13 during midday trading on Friday, reaching $50.12. The company had a trading volume of 872,589 shares, compared to its average volume of 417,239. ASGN Incorporated has a 1-year low of $47.64 and a 1-year high of $105.67. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.72. The firm has a 50 day simple moving average of $53.15 and a 200-day simple moving average of $67.78. The stock has a market cap of $2.20 billion, a PE ratio of 14.28 and a beta of 1.00.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.03). ASGN had a return on equity of 12.55% and a net margin of 3.93%. The firm had revenue of $968.30 million for the quarter, compared to analyst estimates of $971.00 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. ASGN's revenue for the quarter was down 7.7% on a year-over-year basis. Research analysts forecast that ASGN Incorporated will post 5.15 EPS for the current fiscal year.

ASGN 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.