Dalton Greiner Hartman Maher & Co. Raises Position in ASGN Inc (ASGN)

Dalton Greiner Hartman Maher & Co. increased its stake in ASGN Inc (NYSE:ASGN) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,041 shares of the business services provider’s stock after purchasing an additional 18,329 shares during the quarter. ASGN accounts for 1.2% of Dalton Greiner Hartman Maher & Co.’s portfolio, making the stock its 26th largest position. Dalton Greiner Hartman Maher & Co. owned about 0.57% of ASGN worth $23,603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in ASGN in the second quarter worth approximately $559,307,000. Dimensional Fund Advisors LP bought a new position in ASGN in the second quarter worth approximately $166,294,000. FMR LLC bought a new position in ASGN in the second quarter worth approximately $117,721,000. Wells Fargo & Company MN bought a new position in ASGN in the second quarter worth approximately $92,244,000. Finally, OppenheimerFunds Inc. bought a new position in ASGN in the second quarter worth approximately $66,059,000. Institutional investors and hedge funds own 91.66% of the company’s stock.

NYSE ASGN traded down $0.60 on Tuesday, reaching $70.48. The company had a trading volume of 2,741 shares, compared to its average volume of 309,154. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market cap of $4.13 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.91 and a beta of 1.94. ASGN Inc has a 12 month low of $54.37 and a 12 month high of $94.25.

ASGN (NYSE:ASGN) last announced its quarterly earnings results on Wednesday, July 25th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.06. The company had revenue of $878.50 million for the quarter, compared to the consensus estimate of $865.03 million. ASGN had a net margin of 5.67% and a return on equity of 19.07%. ASGN’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. As a group, analysts forecast that ASGN Inc will post 4.14 EPS for the current fiscal year.

Several analysts have recently commented on the stock. ValuEngine downgraded shares of ASGN from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded shares of ASGN from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Robert W. Baird restated a “neutral” rating on shares of ASGN in a research report on Thursday, July 26th. Finally, Credit Suisse Group assumed coverage on shares of ASGN in a research report on Friday, August 10th. They set a “neutral” rating and a $92.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $84.00.

In other ASGN news, Director Jonathan S. Holman sold 2,000 shares of ASGN stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $92.71, for a total value of $185,420.00. Following the sale, the director now directly owns 14,818 shares in the company, valued at approximately $1,373,776.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Edward L. Pierce sold 25,000 shares of ASGN stock in a transaction on Friday, August 17th. The shares were sold at an average price of $90.77, for a total transaction of $2,269,250.00. Following the completion of the sale, the chief financial officer now owns 56,584 shares in the company, valued at $5,136,129.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,687 shares of company stock worth $4,630,186. 3.90% of the stock is currently owned by insiders.

ASGN Company 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.

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Institutional Ownership by Quarter for ASGN (NYSE:ASGN)

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