Reinhart Partners LLC. Sells 1,806 Shares of ASGN Incorporated (NYSE:ASGN)

Reinhart Partners LLC. lowered its stake in shares of ASGN Incorporated (NYSE:ASGN) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 587,193 shares of the business services provider’s stock after selling 1,806 shares during the period. ASGN accounts for 1.9% of Reinhart Partners LLC.’s holdings, making the stock its 23rd biggest position. Reinhart Partners LLC.’s holdings in ASGN were worth $48,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cim Investment Management Inc. bought a new stake in shares of ASGN during the 3rd quarter valued at $205,000. Crossmark Global Holdings Inc. lifted its position in shares of ASGN by 17.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider’s stock valued at $505,000 after acquiring an additional 800 shares during the period. Argent Capital Management LLC lifted its position in shares of ASGN by 12.1% during the 3rd quarter. Argent Capital Management LLC now owns 10,559 shares of the business services provider’s stock valued at $984,000 after acquiring an additional 1,142 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in shares of ASGN by 28.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,823 shares of the business services provider’s stock valued at $1,102,000 after acquiring an additional 2,600 shares during the period. Institutional investors own 95.36% of the company’s stock.

Insider Activity

In related news, CEO Theodore S. Hanson sold 1,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $99.64, for a total transaction of $119,568.00. Following the completion of the transaction, the chief executive officer now directly owns 288,855 shares in the company, valued at $28,781,512.20. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carol Lindstrom sold 1,060 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $93.02, for a total value of $98,601.20. Following the transaction, the director now owns 4,579 shares of the company’s stock, valued at approximately $425,938.58. The trade was a 18.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,260 shares of company stock worth $1,168,469. 3.20% of the stock is owned by corporate insiders.

ASGN Price Performance

Shares of ASGN stock traded up $1.47 on Monday, hitting $87.48. 90,505 shares of the company’s stock were exchanged, compared to its average volume of 307,755. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.25 and a quick ratio of 2.25. ASGN Incorporated has a 12 month low of $82.04 and a 12 month high of $106.42. The stock has a market cap of $3.87 billion, a P/E ratio of 22.15 and a beta of 1.38. The company has a 50 day moving average of $88.65 and a 200 day moving average of $91.54.

ASGN (NYSE:ASGN) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. ASGN had a return on equity of 13.65% and a net margin of 4.37%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. On average, equities research analysts predict that ASGN Incorporated will post 5.17 EPS for the current year.

Wall Street Analysts Forecast Growth

ASGN has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $115.00 target price on shares of ASGN in a research report on Thursday, October 24th. StockNews.com downgraded ASGN from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, BMO Capital Markets upgraded ASGN from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $96.00 to $100.00 in a research report on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, ASGN currently has an average rating of “Hold” and a consensus price target of $101.75.

About ASGN

ASGN Incorporated engages in the provision of information technology (IT) services and solutions in the technology, digital, and creative fields for commercial and government sectors in the United States, Canada, and Europe. It operates through two segments: Commercial and Federal Government. The Commercial Segment provides consulting, creative digital marketing, and permanent placement services primarily to enterprise clients.