Tudor Investment Corp ET AL purchased a new stake in shares of ASGN Incorporated (NYSE:ASGN – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 169,592 shares of the business services provider’s stock, valued at approximately $8,030,000. Tudor Investment Corp ET AL owned 0.40% of ASGN as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New South Capital Management Inc. increased its stake in ASGN by 46.0% during the third quarter. New South Capital Management Inc. now owns 456,116 shares of the business services provider’s stock valued at $21,597,000 after acquiring an additional 143,696 shares during the period. Congress Asset Management Co. bought a new position in ASGN during the third quarter valued at about $4,065,000. Reinhart Partners LLC. increased its stake in ASGN by 5.2% during the third quarter. Reinhart Partners LLC. now owns 1,072,427 shares of the business services provider’s stock valued at $50,780,000 after acquiring an additional 53,021 shares during the period. SG Americas Securities LLC increased its stake in ASGN by 1,376.9% during the third quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock valued at $3,467,000 after acquiring an additional 68,266 shares during the period. Finally, SummerHaven Investment Management LLC bought a new position in ASGN during the third quarter valued at about $797,000. 95.36% of the stock is currently owned by institutional investors.
ASGN Trading Down 1.7%
Shares of ASGN opened at $38.40 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 14.71 and a beta of 0.89. The stock has a fifty day moving average price of $42.43 and a two-hundred day moving average price of $45.38. ASGN Incorporated has a 52-week low of $34.59 and a 52-week high of $62.75.
Analyst Ratings Changes
ASGN has been the topic of several research reports. Wall Street Zen lowered ASGN from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of ASGN in a research note on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $65.00 price objective on shares of ASGN in a research note on Friday, February 6th. Robert W. Baird set a $62.00 price objective on ASGN in a research note on Thursday, February 5th. Finally, Truist Financial upped their price objective on ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $54.71.
Check Out Our Latest Stock Report on ASGN
ASGN Profile
ASGN Incorporated (NYSE:ASGN) is a leading provider of specialized staffing and professional services, delivering tailored solutions across information technology, digital transformation, engineering and scientific disciplines. Through its diversified portfolio of brands, ASGN connects clients—ranging from life sciences and healthcare firms to technology enterprises and government agencies—with highly skilled consultants, project teams and permanent personnel. The company’s model emphasizes both temporary staffing and long-term consulting engagements to address complex talent and project needs.
ASGN’s service offerings are organized into two main business segments.
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