SG Americas Securities LLC Acquires Shares of 6,282 ASGN Incorporated (NYSE:ASGN)

SG Americas Securities LLC acquired a new stake in shares of ASGN Incorporated (NYSE:ASGN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,282 shares of the business services provider's stock, valued at approximately $396,000.

Other hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp increased its holdings 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 worth $36,000 after buying an additional 139 shares during the period. Cibc World Markets Corp acquired a new position in ASGN in the 4th quarter worth approximately $337,000. Pinebridge Investments L.P. increased its holdings in ASGN by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock worth $1,832,000 after buying an additional 6,576 shares during the period. GAMMA Investing LLC increased its holdings in ASGN by 47,970.1% in the 1st quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider's stock worth $41,500,000 after buying an additional 65,719 shares during the period. Finally, Reinhart Partners LLC. increased 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 period. Institutional investors and hedge funds own 95.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company started coverage on shares of ASGN in a report on Tuesday, June 3rd. They issued an "equal weight" rating and a $56.00 price target on the stock. Canaccord Genuity Group restated a "hold" rating and issued a $55.00 price objective (down previously from $115.00) on shares of ASGN in a research report on Friday, April 25th. Truist Financial lowered their price objective on ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, UBS Group lowered their price objective on ASGN from $56.00 to $54.00 and set a "sell" rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $71.33.

ASGN Price Performance

Shares of NYSE:ASGN traded up $0.14 during midday trading on Wednesday, reaching $49.95. 419,243 shares of the company's stock traded hands, compared to its average volume of 415,393. ASGN Incorporated has a 1 year low of $47.64 and a 1 year high of $105.67. The company has a market cap of $2.19 billion, a P/E ratio of 14.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.37 and a current ratio of 2.37. The company has a fifty day simple moving average of $53.47 and a two-hundred day simple moving average of $68.48.

ASGN (NYSE:ASGN - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.03). ASGN had a net margin of 3.93% and a return on equity of 12.55%. The business had revenue of $968.30 million for the quarter, compared to analysts' expectations of $971.00 million. During the same quarter last year, the business earned $1.16 EPS. The company's quarterly revenue was down 7.7% on a year-over-year basis. Equities analysts predict 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.