Marty R. Kittrell Sells 1,000 Shares of ASGN Incorporated (NYSE:ASGN) Stock

ASGN Incorporated (NYSE:ASGN) Director Marty R. Kittrell sold 1,000 shares of ASGN stock in a transaction on Friday, April 26th. The stock was sold at an average price of $98.61, for a total transaction of $98,610.00. Following the sale, the director now directly owns 4,316 shares of the company’s stock, valued at $425,600.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ASGN Trading Down 0.9 %

NYSE ASGN opened at $95.56 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market cap of $4.44 billion, a PE ratio of 22.12, a P/E/G ratio of 7.60 and a beta of 1.50. ASGN Incorporated has a one year low of $63.27 and a one year high of $106.42. The firm’s fifty day moving average is $99.68 and its two-hundred day moving average is $93.84.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $1.16 EPS for the quarter, meeting analysts’ consensus estimates of $1.16. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. ASGN had a net margin of 4.76% and a return on equity of 14.90%. ASGN’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.38 earnings per share. Analysts expect that ASGN Incorporated will post 5.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in shares of ASGN by 38.5% during the third 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 during the period. Argent Capital Management LLC increased its stake in shares of ASGN by 8.9% during the fourth quarter. Argent Capital Management LLC now owns 5,917 shares of the business services provider’s stock worth $569,000 after acquiring an additional 484 shares during the period. SG Americas Securities LLC increased its stake in shares of ASGN by 8.1% during the third quarter. SG Americas Securities LLC now owns 15,891 shares of the business services provider’s stock worth $1,298,000 after acquiring an additional 1,193 shares during the period. Kennedy Capital Management LLC increased its stake in shares of ASGN by 3.6% during the third quarter. Kennedy Capital Management LLC now owns 110,247 shares of the business services provider’s stock worth $9,005,000 after acquiring an additional 3,787 shares during the period. Finally, Meadow Creek Wealth Advisors LLC acquired a new position in shares of ASGN during the first quarter worth about $512,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ASGN shares. Jefferies Financial Group lifted their price objective on shares of ASGN to $88.00 and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Robert W. Baird lifted their price objective on shares of ASGN from $99.00 to $104.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. BMO Capital Markets cut their price target on shares of ASGN from $95.00 to $94.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Canaccord Genuity Group reiterated a “buy” rating and set a $110.00 price target on shares of ASGN in a research note on Wednesday, January 3rd. Finally, Bank Of America (Bofa) reiterated an “underweight” rating and set a $70.00 price target on shares of ASGN in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $96.67.

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.