ASGN Incorporated (NYSE:ASGN) CEO Sells $119,568.00 in Stock

ASGN Incorporated (NYSE:ASGN) CEO Theodore S. Hanson sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $99.64, for a total transaction of $119,568.00. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

ASGN Trading Down 4.2 %

NYSE:ASGN opened at $87.89 on Friday. ASGN Incorporated has a 1 year low of $84.62 and a 1 year high of $106.42. The stock’s fifty day moving average price is $94.02 and its two-hundred day moving average price is $93.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. The company has a market cap of $3.88 billion, a P/E ratio of 22.25 and a beta of 1.40.

ASGN (NYSE:ASGN) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. ASGN had a net margin of 4.37% and a return on equity of 13.65%. ASGN’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 earnings per share. As a group, analysts expect that ASGN Incorporated will post 5.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ASGN shares. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 target price on shares of ASGN in a research note on Thursday, October 24th. BMO Capital Markets lifted their price objective on shares of ASGN from $94.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group decreased their price target on shares of ASGN from $95.00 to $88.00 and set a “hold” rating on the stock 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 issued a buy rating to the company. According to data from MarketBeat, ASGN has an average rating of “Hold” and a consensus price target of $97.44.

Institutional Trading of ASGN

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LRI Investments LLC purchased a new position in ASGN during the 1st quarter valued at about $154,000. SG Americas Securities LLC lifted its stake in ASGN by 1,851.6% during the 2nd quarter. SG Americas Securities LLC now owns 19,887 shares of the business services provider’s stock valued at $1,753,000 after acquiring an additional 18,868 shares during the period. Argent Capital Management LLC boosted its holdings in shares of ASGN by 43.8% during the 2nd quarter. Argent Capital Management LLC now owns 9,417 shares of the business services provider’s stock valued at $830,000 after acquiring an additional 2,868 shares during the last quarter. Handelsbanken Fonder AB grew its stake 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 acquiring an additional 2,600 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in shares of 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. 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.