Natixis Advisors L.P. lifted its holdings in shares of ASGN Inc (NYSE:ASGN) by 42.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,990 shares of the business services provider’s stock after purchasing an additional 17,221 shares during the quarter. Natixis Advisors L.P. owned 0.11% of ASGN worth $4,115,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in shares of ASGN by 94.0% during the fourth quarter. FMR LLC now owns 1,939,605 shares of the business services provider’s stock valued at $137,653,000 after acquiring an additional 939,595 shares in the last quarter. Select Equity Group L.P. increased its holdings in ASGN by 32.7% in the 3rd quarter. Select Equity Group L.P. now owns 955,401 shares of the business services provider’s stock worth $60,057,000 after buying an additional 235,247 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in ASGN in the 4th quarter worth approximately $14,994,000. Man Group plc increased its holdings in ASGN by 286.8% in the 3rd quarter. Man Group plc now owns 203,430 shares of the business services provider’s stock worth $12,788,000 after buying an additional 150,835 shares during the period. Finally, Artemis Investment Management LLP increased its holdings in ASGN by 74.0% in the 4th quarter. Artemis Investment Management LLP now owns 342,830 shares of the business services provider’s stock worth $23,752,000 after buying an additional 145,783 shares during the period. 86.19% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently commented on the stock. Wells Fargo & Co raised their price objective on shares of ASGN from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Jefferies Financial Group cut shares of ASGN from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $70.00 to $65.00 in a research note on Wednesday, February 19th. Zacks Investment Research raised shares of ASGN from a “sell” rating to a “hold” rating in a research note on Tuesday, January 28th. ValuEngine raised shares of ASGN from a “sell” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Robert W. Baird raised their price objective on shares of ASGN from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. ASGN presently has an average rating of “Hold” and an average price target of $74.86.
ASGN stock traded down $2.70 during midday trading on Friday, reaching $50.77. The stock had a trading volume of 33,259 shares, compared to its average volume of 307,527. The company’s fifty day simple moving average is $66.76 and its 200 day simple moving average is $65.27. The company has a current ratio of 2.32, a quick ratio of 2.11 and a debt-to-equity ratio of 0.75. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.27 and a beta of 2.01. ASGN Inc has a 52-week low of $50.33 and a 52-week high of $72.66.
ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.05. ASGN had a return on equity of 18.88% and a net margin of 4.45%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. Sell-side analysts predict that ASGN Inc will post 5.04 EPS for the current year.
ASGN Incorporated provides information technology (IT) and professional staffing services in the technology, digital, creative, engineering, and life sciences fields across commercial and government sectors in the United States and internationally. The company operates through Apex, Oxford, and ECS segments.
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