Amalgamated Bank Has $4.08 Million Stock Position in ASGN Incorporated (NYSE:ASGN)

Amalgamated Bank lessened its position in shares of ASGN Incorporated (NYSE:ASGNGet Rating) by 4.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 34,985 shares of the business services provider’s stock after selling 1,731 shares during the quarter. Amalgamated Bank’s holdings in ASGN were worth $4,083,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Argent Capital Management LLC grew its holdings in shares of ASGN by 18.1% during the 1st quarter. Argent Capital Management LLC now owns 8,773 shares of the business services provider’s stock worth $1,024,000 after purchasing an additional 1,342 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in ASGN by 9.9% in the 1st quarter. Russell Investments Group Ltd. now owns 18,840 shares of the business services provider’s stock valued at $2,196,000 after buying an additional 1,697 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in ASGN by 2.2% in the 1st quarter. Crossmark Global Holdings Inc. now owns 4,590 shares of the business services provider’s stock valued at $536,000 after buying an additional 100 shares in the last quarter. FDx Advisors Inc. raised its position in ASGN by 5.1% in the 1st quarter. FDx Advisors Inc. now owns 4,459 shares of the business services provider’s stock valued at $520,000 after purchasing an additional 217 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in ASGN by 82.6% in the 1st quarter. SG Americas Securities LLC now owns 14,385 shares of the business services provider’s stock valued at $1,679,000 after purchasing an additional 6,507 shares during the last quarter. Institutional investors and hedge funds own 94.75% of the company’s stock.

ASGN Trading Down 0.2 %

ASGN stock opened at $93.14 on Thursday. The company has a market cap of $4.76 billion, a P/E ratio of 11.26, a PEG ratio of 1.04 and a beta of 1.83. ASGN Incorporated has a twelve month low of $78.25 and a twelve month high of $131.89. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $98.79 and a 200-day moving average of $101.75.

ASGN (NYSE:ASGNGet Rating) last released its earnings results on Wednesday, July 27th. The business services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. ASGN had a return on equity of 18.14% and a net margin of 10.01%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. As a group, equities research analysts expect that ASGN Incorporated will post 6.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ASGN. Truist Financial cut their price objective on ASGN from $150.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, June 14th. Jefferies Financial Group cut their price objective on ASGN from $125.00 to $101.00 in a research report on Friday, May 27th. BMO Capital Markets lifted their price objective on ASGN from $94.00 to $105.00 in a research report on Friday, July 29th. StockNews.com upgraded ASGN from a “hold” rating to a “buy” rating in a research report on Friday, September 2nd. Finally, Credit Suisse Group downgraded ASGN from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $110.00 to $90.00 in a research report on Wednesday, May 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, ASGN presently has a consensus rating of “Hold” and a consensus price target of $105.60.

ASGN Company Profile

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ASGN Incorporated provides information technology services and professional solutions in the technology, digital, and creative fields for commercial and government sectors in the United States. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to Fortune 1000 and mid-market clients.

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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