ASGN Incorporated (NYSE:ASGN) Short Interest Up 6.5% in January

ASGN Incorporated (NYSE:ASGN) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,960,000 shares, an increase of 6.5% from the December 31st total of 1,840,000 shares. Approximately 4.6% of the company’s stock are sold short. Based on an average daily trading volume, of 348,900 shares, the short-interest ratio is currently 5.6 days.

ASGN Stock Performance

NYSE ASGN opened at $87.49 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $3.87 billion, a PE ratio of 22.15 and a beta of 1.38. ASGN has a 52-week low of $82.04 and a 52-week high of $106.42. The company has a 50-day simple moving average of $88.11 and a 200 day simple moving average of $91.50.

Analyst Ratings Changes

ASGN has been the topic of several analyst reports. BMO Capital Markets upgraded shares of ASGN from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $96.00 to $100.00 in a report on Friday, November 22nd. StockNews.com downgraded ASGN from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $115.00 price target on shares of ASGN in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $101.75.

Insiders Place Their Bets

In other news, CEO Theodore S. Hanson sold 1,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total value of $119,568.00. Following the completion of the sale, the chief executive officer now owns 288,855 shares in the company, valued at $28,781,512.20. This represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On ASGN

Large investors have recently modified their holdings of the stock. Reinhart Partners LLC. lifted its holdings in ASGN by 7.2% during the third quarter. Reinhart Partners LLC. now owns 588,999 shares of the business services provider’s stock valued at $54,912,000 after purchasing an additional 39,607 shares during the last quarter. Argent Capital Management LLC raised its position in shares of ASGN by 31.6% in the fourth quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider’s stock valued at $1,158,000 after purchasing an additional 3,339 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of ASGN by 28.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after buying an additional 2,600 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in ASGN by 17.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock worth $505,000 after buying an additional 800 shares during the period. Finally, Entropy Technologies LP purchased a new position in ASGN in the 4th quarter valued at approximately $299,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

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.