Adams Diversified Equity Fund Inc. bought a new position in ASGN Inc (NYSE:ASGN) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 8,400 shares of the business services provider’s stock, valued at approximately $663,000.
Several other large investors have also recently made changes to their positions in ASGN. BlackRock Inc. bought a new position in shares of ASGN in the 2nd quarter worth approximately $559,307,000. Dimensional Fund Advisors LP bought a new position in shares of ASGN in the 2nd quarter worth approximately $166,294,000. FMR LLC bought a new position in shares of ASGN in the 2nd quarter worth approximately $117,721,000. Wells Fargo & Company MN bought a new position in shares of ASGN in the 2nd quarter worth approximately $92,244,000. Finally, OppenheimerFunds Inc. bought a new position in shares of ASGN in the 2nd quarter worth approximately $66,059,000. 90.82% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently weighed in on ASGN. Robert W. Baird cut their price target on ASGN from $91.00 to $67.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Zacks Investment Research upgraded ASGN from a “hold” rating to a “strong-buy” rating and set a $76.00 price target on the stock in a research note on Friday, October 26th. Credit Suisse Group cut their price target on ASGN from $92.00 to $78.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. BMO Capital Markets upped their price target on ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. Finally, Wells Fargo & Co cut their price target on ASGN from $96.00 to $82.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $80.00.
Shares of ASGN opened at $67.01 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 2.28 and a debt-to-equity ratio of 1.02. ASGN Inc has a 12 month low of $58.84 and a 12 month high of $94.25. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.94.
ASGN (NYSE:ASGN) last issued its earnings results on Wednesday, October 24th. The business services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.10 by $0.20. ASGN had a return on equity of 20.29% and a net margin of 5.69%. The business had revenue of $906.40 million for the quarter, compared to the consensus estimate of $892.87 million. During the same period last year, the business posted $0.83 EPS. The company’s revenue was up 35.9% compared to the same quarter last year. On average, equities research analysts expect that ASGN Inc will post 4.39 earnings per share for the current year.
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.
Further Reading: What are trading strategies for the 52-week high/low?
Want to see what other hedge funds are holding ASGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ASGN Inc (NYSE:ASGN).
Receive News & Ratings for ASGN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ASGN and related companies with MarketBeat.com's FREE daily email newsletter.