SG Americas Securities LLC Has $298,000 Stock Position in ASGN Incorporated (NYSE:ASGN)

SG Americas Securities LLC lessened its stake in shares of ASGN Incorporated (NYSE:ASGN - Free Report) by 80.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,097 shares of the business services provider's stock after selling 12,794 shares during the period. SG Americas Securities LLC's holdings in ASGN were worth $298,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of ASGN by 7.8% in the second quarter. Captrust Financial Advisors now owns 1,833 shares of the business services provider's stock worth $165,000 after buying an additional 132 shares during the period. EverSource Wealth Advisors LLC lifted its stake in ASGN by 38.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 615 shares of the business services provider's stock worth $50,000 after acquiring an additional 171 shares in the last quarter. Argent Capital Management LLC boosted its position in ASGN by 19.5% during the 3rd quarter. Argent Capital Management LLC now owns 5,433 shares of the business services provider's stock worth $444,000 after acquiring an additional 887 shares during the period. Kennedy Capital Management LLC grew its stake in ASGN by 3.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider's stock valued at $9,005,000 after acquiring an additional 3,787 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in shares of ASGN by 54.6% in the 2nd quarter. State of Tennessee Treasury Department now owns 24,313 shares of the business services provider's stock valued at $1,839,000 after purchasing an additional 8,588 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

ASGN Stock Performance

ASGN stock traded down $2.85 during trading hours on Wednesday, reaching $96.02. 269,707 shares of the company were exchanged, compared to its average volume of 233,215. ASGN Incorporated has a 12 month low of $63.27 and a 12 month high of $106.42. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $98.96 and a 200 day moving average of $92.13. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 3.97 and a beta of 1.50.

ASGN (NYSE:ASGN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.08. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. ASGN had a net margin of 4.93% and a return on equity of 15.52%. ASGN's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 EPS. As a group, research analysts anticipate that ASGN Incorporated will post 5.79 earnings per share for the current year.

Insider Activity

In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of ASGN stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.62, for a total value of $102,982.00. Following the transaction, the senior vice president now directly owns 52,716 shares of the company's stock, valued at approximately $4,935,271.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other ASGN news, SVP Jennifer Hankes Painter sold 1,100 shares of the firm's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $93.62, for a total value of $102,982.00. Following the sale, the senior vice president now directly owns 52,716 shares in the company, valued at approximately $4,935,271.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Randolph C. Blazer sold 7,746 shares of the business's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $94.31, for a total transaction of $730,525.26. Following the transaction, the president now owns 107,923 shares in the company, valued at approximately $10,178,218.13. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of ASGN to $88.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $110.00 price target on shares of ASGN in a research note on Wednesday, January 3rd. Wells Fargo & Company increased their price objective on ASGN to $112.00 and gave the stock a "buy" rating in a report on Thursday, December 14th. Truist Financial boosted their target price on ASGN from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, January 2nd. Finally, Bank Of America (Bofa) reaffirmed an "underweight" rating and set a $70.00 price target on shares of ASGN in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $93.50.

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.