Reinhart Partners LLC. Buys 78,794 Shares of ASGN Incorporated (NYSE:ASGN)

Reinhart Partners LLC. raised its stake in shares of ASGN Incorporated (NYSE:ASGN - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 665,987 shares of the business services provider's stock after acquiring an additional 78,794 shares during the period. ASGN comprises approximately 1.5% of Reinhart Partners LLC.'s investment portfolio, making the stock its 29th largest holding. Reinhart Partners LLC. owned 1.53% of ASGN worth $41,971,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. J.Safra Asset Management Corp lifted its stake in ASGN by 48.1% during the 4th quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider's stock valued at $36,000 after acquiring an additional 139 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of ASGN in the 4th quarter worth about $299,000. Cibc World Markets Corp purchased a new position in shares of ASGN in the 4th quarter worth about $337,000. Pinebridge Investments L.P. boosted its holdings in shares of 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 last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 last quarter. 95.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

ASGN Price Performance

NYSE ASGN opened at $53.25 on Friday. The company has a market cap of $2.34 billion, a PE ratio of 13.87 and a beta of 1.00. ASGN Incorporated has a 52 week low of $47.64 and a 52 week high of $105.67. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58. The firm's 50-day simple moving average is $55.75 and its two-hundred day simple moving average is $71.92.

ASGN (NYSE:ASGN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.03). The business had revenue of $968.30 million for the quarter, compared to analysts' expectations of $971.00 million. ASGN had a net margin of 4.27% and a return on equity of 13.22%. ASGN's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. Research analysts predict that ASGN Incorporated will post 5.15 earnings per share for the current year.

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.

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