Keybank National Association OH acquired a new stake in shares of ASGN Inc (NYSE:ASGN) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,744 shares of the business services provider’s stock, valued at approximately $238,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ASGN. Vanguard Group Inc raised its holdings in shares of ASGN by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 4,970,834 shares of the business services provider’s stock worth $392,347,000 after acquiring an additional 112,311 shares during the last quarter. Northern Trust Corp raised its holdings in shares of ASGN by 19.4% in the 4th quarter. Northern Trust Corp now owns 827,773 shares of the business services provider’s stock worth $45,114,000 after acquiring an additional 134,556 shares during the last quarter. Boston Partners raised its holdings in shares of ASGN by 6.8% in the 4th quarter. Boston Partners now owns 673,656 shares of the business services provider’s stock worth $36,714,000 after acquiring an additional 42,727 shares during the last quarter. Norges Bank acquired a new stake in shares of ASGN in the 4th quarter worth about $35,991,000. Finally, Macquarie Group Ltd. raised its holdings in shares of ASGN by 14.1% in the 4th quarter. Macquarie Group Ltd. now owns 636,811 shares of the business services provider’s stock worth $34,706,000 after acquiring an additional 78,888 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

In other news, Director William E. Brock sold 1,480 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $61.72, for a total transaction of $91,345.60. Following the completion of the transaction, the director now directly owns 17,513 shares of the company’s stock, valued at approximately $1,080,902.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is owned by corporate insiders.

Several research firms have commented on ASGN. Zacks Investment Research lowered shares of ASGN from a “buy” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine lowered shares of ASGN from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 28th. Credit Suisse Group decreased their price objective on shares of ASGN from $70.00 to $55.00 and set a “neutral” rating for the company in a research note on Tuesday, May 28th. Royal Bank of Canada began coverage on shares of ASGN in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $79.00 price objective for the company. Finally, Jefferies Financial Group began coverage on shares of ASGN in a research note on Tuesday, March 12th. They issued a “buy” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $73.13.

NYSE:ASGN opened at $50.73 on Monday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.20 and a beta of 1.99. ASGN Inc has a 52 week low of $50.33 and a 52 week high of $94.25.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.02). The firm had revenue of $923.70 million during the quarter, compared to analysts’ expectations of $921.14 million. ASGN had a net margin of 4.49% and a return on equity of 20.45%. The company’s quarterly revenue was up 34.8% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Equities analysts forecast that ASGN Inc will post 4.67 earnings per share for the current year.

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ASGN Profile

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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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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