Theodore S. Hanson Sells 1,200 Shares of ASGN Incorporated (NYSE:ASGN) Stock

ASGN Incorporated (NYSE:ASGN) CEO Theodore S. Hanson sold 1,200 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 288,855 shares of the company’s stock, valued at $28,781,512.20. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ASGN Price Performance

Shares of ASGN stock opened at $87.90 on Friday. ASGN Incorporated has a 52 week low of $84.62 and a 52 week high of $106.42. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.89 billion, a PE ratio of 22.25 and a beta of 1.40. The company’s 50-day moving average price is $94.06 and its two-hundred day moving average price is $93.71.

ASGN (NYSE:ASGN) last released its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. ASGN had a net margin of 4.37% and a return on equity of 13.65%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. As a group, sell-side analysts anticipate that ASGN Incorporated will post 5.17 EPS for the current fiscal year.

Institutional Investors Weigh In On ASGN

Large investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. lifted its holdings in shares of ASGN by 17.3% during the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 800 shares during the last quarter. Argent Capital Management LLC raised its holdings in ASGN by 12.1% during the 3rd quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock worth $984,000 after buying an additional 1,142 shares during the period. Reinhart Partners LLC. lifted its stake 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 buying an additional 39,607 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of ASGN by 28.2% in the third quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock worth $1,102,000 after buying an additional 2,600 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of ASGN by 1,851.6% in the second quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock worth $1,753,000 after acquiring an additional 18,868 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ASGN. BMO Capital Markets lifted their price target on ASGN from $94.00 to $96.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Canaccord Genuity Group reissued a “buy” rating and issued a $115.00 price target on shares of ASGN in a research note on Thursday, October 24th. Finally, Jefferies Financial Group reduced their price objective on shares of ASGN from $95.00 to $88.00 and set a “hold” rating for the company in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $97.44.

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.