Teachers Advisors LLC Sells 160,240 Shares of ASGN Inc (ASGN)

Teachers Advisors LLC lowered its position in ASGN Inc (NYSE:ASGN) by 57.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 117,269 shares of the business services provider’s stock after selling 160,240 shares during the quarter. Teachers Advisors LLC owned 0.22% of ASGN worth $9,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA increased its stake in shares of ASGN by 1.9% in the third quarter. Congress Asset Management Co. MA now owns 48,191 shares of the business services provider’s stock valued at $3,804,000 after buying an additional 901 shares during the period. State of Alaska Department of Revenue increased its stake in shares of ASGN by 8.3% in the third quarter. State of Alaska Department of Revenue now owns 17,418 shares of the business services provider’s stock valued at $1,374,000 after buying an additional 1,340 shares during the period. Rhumbline Advisers increased its stake in shares of ASGN by 1.5% in the third quarter. Rhumbline Advisers now owns 142,270 shares of the business services provider’s stock valued at $11,229,000 after buying an additional 2,082 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of ASGN by 3.8% in the third quarter. Great West Life Assurance Co. Can now owns 65,391 shares of the business services provider’s stock valued at $5,160,000 after buying an additional 2,396 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of ASGN by 11.3% in the third quarter. Wells Fargo & Company MN now owns 1,313,134 shares of the business services provider’s stock valued at $103,645,000 after buying an additional 133,384 shares during the period. 91.77% of the stock is owned by institutional investors.

Several research firms have recently issued reports on ASGN. Bank of America began coverage on ASGN in a research note on Tuesday, October 23rd. They issued a “buy” rating and a $84.00 price objective for the company. Zacks Investment Research cut ASGN from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. Wells Fargo & Co reduced their target price on ASGN from $96.00 to $82.00 and set an “outperform” rating on the stock in a report on Thursday, October 25th. Credit Suisse Group reduced their target price on ASGN from $92.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Finally, ValuEngine cut ASGN from a “buy” rating to a “hold” rating in a report on Saturday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $76.75.



In other ASGN news, SVP Jennifer Hankes Painter purchased 1,000 shares of the business’s stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of $65.87 per share, for a total transaction of $65,870.00. Following the acquisition, the senior vice president now owns 16,019 shares of the company’s stock, valued at $1,055,171.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Peter T. Dameris purchased 15,000 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were acquired at an average price of $65.92 per share, for a total transaction of $988,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 118,580 shares in the company, valued at approximately $7,816,793.60. The disclosure for this purchase can be found here. Insiders have acquired a total of 54,950 shares of company stock worth $3,645,425 over the last 90 days. Company insiders own 3.90% of the company’s stock.

Shares of ASGN stock opened at $60.19 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.08 and a beta of 2.08. ASGN Inc has a one year low of $51.05 and a one year high of $94.25. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 1.02.

ASGN (NYSE:ASGN) last posted its quarterly earnings results on Wednesday, October 24th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.20. The firm had revenue of $906.40 million for the quarter, compared to analysts’ expectations of $892.87 million. ASGN had a return on equity of 20.29% and a net margin of 5.69%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 EPS. As a group, sell-side analysts anticipate that ASGN Inc will post 4.39 EPS for the current fiscal year.

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ASGN 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.

Further Reading: Front-End Load

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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