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

Reinhart Partners LLC. boosted its holdings in ASGN Incorporated (NYSE:ASGN - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 665,987 shares of the business services provider's stock after purchasing an additional 78,794 shares during the period. ASGN comprises 1.5% of Reinhart Partners LLC.'s holdings, making the stock its 29th largest position. Reinhart Partners LLC. owned approximately 1.53% of ASGN worth $41,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. J.Safra Asset Management Corp raised its position in shares of ASGN by 48.1% in the fourth 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 period. Entropy Technologies LP bought a new stake in shares of ASGN in the fourth quarter valued at approximately $299,000. Cibc World Markets Corp purchased a new stake in ASGN during the 4th quarter worth about $337,000. Pinebridge Investments L.P. lifted its holdings in ASGN by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 21,983 shares of the business services provider's stock worth $1,832,000 after purchasing an additional 6,576 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in ASGN by 47,970.1% during the 1st quarter. GAMMA Investing LLC now owns 65,856 shares of the business services provider's stock worth $41,500,000 after purchasing an additional 65,719 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

ASGN Price Performance

Shares of NYSE:ASGN traded up $0.67 during trading on Tuesday, reaching $54.94. The company had a trading volume of 344,811 shares, compared to its average volume of 414,283. The company has a fifty day moving average of $55.43 and a two-hundred day moving average of $71.38. The stock has a market capitalization of $2.41 billion, a P/E ratio of 14.31 and a beta of 1.00. ASGN Incorporated has a 12 month low of $47.64 and a 12 month high of $105.67. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58.

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

Analyst Ratings Changes

ASGN has been the topic of a number of recent research reports. Truist Financial dropped their price objective on ASGN from $105.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company initiated coverage on ASGN in a report on Tuesday, June 3rd. They set an "equal weight" rating and a $56.00 price objective on the stock. UBS Group dropped 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. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $55.00 target price (down from $115.00) on shares of ASGN in a research note 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 company's stock. Based on data from MarketBeat.com, ASGN currently has an average rating of "Hold" and an average price target of $71.33.

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.