ASGN Inc (ASGN) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC lessened its stake in ASGN Inc (NYSE:ASGN) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,038 shares of the business services provider’s stock after selling 22,070 shares during the quarter. ASGN accounts for about 1.1% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 23rd biggest holding. Oak Ridge Investments LLC owned about 0.46% of ASGN worth $19,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Chatham Capital Group Inc. boosted its holdings in shares of ASGN by 2.5% in the second quarter. Chatham Capital Group Inc. now owns 32,320 shares of the business services provider’s stock valued at $2,527,000 after buying an additional 775 shares during the period. Aperio Group LLC boosted its holdings in shares of ASGN by 5.0% in the third quarter. Aperio Group LLC now owns 17,332 shares of the business services provider’s stock valued at $1,368,000 after buying an additional 825 shares during the period. Congress Asset Management Co. MA boosted its holdings 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. Piedmont Investment Advisors LLC boosted its holdings in shares of ASGN by 9.5% in the second quarter. Piedmont Investment Advisors LLC now owns 11,484 shares of the business services provider’s stock valued at $898,000 after buying an additional 1,000 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of ASGN by 5.0% in the third quarter. Louisiana State Employees Retirement System now owns 23,100 shares of the business services provider’s stock valued at $1,823,000 after buying an additional 1,100 shares during the period. Institutional investors own 90.71% of the company’s stock.

Shares of ASGN opened at $68.87 on Monday. 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 $3.61 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 1.32 and a beta of 2.00. The company has a quick ratio of 2.28, a current ratio of 2.22 and a debt-to-equity ratio of 1.02.

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

In other news, SVP Jennifer Hankes Painter purchased 1,000 shares of the company’s stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of $65.87 per share, with a total value of $65,870.00. Following the completion of the transaction, the senior vice president now owns 16,019 shares of the company’s stock, valued at approximately $1,055,171.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Edwin A. Sheridan purchased 20,000 shares of the company’s stock in a transaction on Friday, October 26th. The shares were purchased at an average cost of $65.33 per share, for a total transaction of $1,306,600.00. Following the completion of the transaction, the director now directly owns 21,686 shares of the company’s stock, valued at approximately $1,416,746.38. The disclosure for this purchase can be found here. Insiders have purchased 36,250 shares of company stock valued at $2,409,613 in the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on ASGN. Zacks Investment Research upgraded shares of ASGN from a “hold” rating to a “strong-buy” rating and set a $76.00 price target for the company in a report on Friday, October 26th. Robert W. Baird restated a “neutral” rating on shares of ASGN in a report on Thursday, July 26th. BMO Capital Markets increased their target price on shares of ASGN from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 25th. Credit Suisse Group began coverage on shares of ASGN in a report on Friday, August 10th. They set a “neutral” rating and a $92.00 target price for the company. Finally, Wells Fargo & Co reduced their target price on shares of ASGN from $96.00 to $82.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $80.00.

ILLEGAL ACTIVITY WARNING: “ASGN Inc (ASGN) Shares Sold by Oak Ridge Investments LLC” was posted by WKRB News and is the property of of WKRB News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.wkrb13.com/2018/11/12/asgn-inc-asgn-shares-sold-by-oak-ridge-investments-llc.html.

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.

Read More: Compound Annual Growth Rate (CAGR)

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).

Institutional Ownership by Quarter for ASGN (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.

Leave a Reply