ASGN Inc (ASGN) Position Boosted by BlackRock Inc.
BlackRock Inc. lifted its holdings in shares of ASGN Inc (NYSE:ASGN) by 6.9% in the third quarter, HoldingsChannel reports. The fund owned 7,649,596 shares of the business services provider’s stock after purchasing an additional 496,422 shares during the period. BlackRock Inc. owned about 0.15% of ASGN worth $603,783,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Bank of Montreal Can purchased a new stake in ASGN during the 2nd quarter worth $420,000. Janney Montgomery Scott LLC purchased a new stake in ASGN during the 2nd quarter worth $991,000. Eqis Capital Management Inc. purchased a new stake in ASGN during the 2nd quarter worth $400,000. Aperio Group LLC purchased a new stake in ASGN during the 2nd quarter worth $1,291,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in ASGN during the 2nd quarter worth $218,000. Institutional investors own 91.81% of the company’s stock.
In other news, insider George H. Wilson acquired 3,700 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were purchased at an average price of $66.76 per share, for a total transaction of $247,012.00. Following the acquisition, the insider now directly owns 3,700 shares of the company’s stock, valued at approximately $247,012. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter T. Dameris acquired 15,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was purchased at an average price of $65.92 per share, for a total transaction of $988,800.00. Following the acquisition, the chief executive officer now directly owns 118,580 shares in the company, valued at $7,816,793.60. The disclosure for this purchase can be found here. Insiders acquired a total of 54,950 shares of company stock worth $3,645,425 in the last quarter. 3.90% of the stock is currently owned by company insiders.
ASGN (NYSE:ASGN) last issued its quarterly earnings data on Wednesday, October 24th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.20. ASGN had a net margin of 5.69% and a return on equity of 20.29%. The firm had revenue of $906.40 million for the quarter, compared to analyst estimates of $892.87 million. During the same quarter in the previous year, the business posted $0.83 EPS. The firm’s revenue was up 35.9% compared to the same quarter last year. Sell-side analysts forecast that ASGN Inc will post 4.39 EPS for the current fiscal year.
ASGN has been the subject of a number of research reports. Credit Suisse Group initiated coverage on shares of ASGN in a research report on Friday, August 10th. They set a “neutral” rating and a $92.00 price target for the company. Zacks Investment Research raised shares of ASGN from a “hold” rating to a “strong-buy” rating and set a $76.00 price target for the company in a research report on Friday, October 26th. BMO Capital Markets upped their price target on shares of ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. Robert W. Baird decreased their price target on shares of ASGN from $91.00 to $67.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Finally, ValuEngine cut shares of ASGN from a “buy” rating to a “hold” rating in a research report on Saturday, October 6th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. ASGN has a consensus rating of “Buy” and an average target price of $80.00.
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ASGN Company Profile
ASGN Incorporated provides IT and professional services in the technology, creative/digital, engineering, and life sciences fields across commercial and government sectors in the United State and internationally. The company operates through Apex, Oxford, and ECS segments. The Apex segment offers technical, scientific, digital, and creative services and solutions to Fortune 1000 and mid-market clients.
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