Reinhart Partners LLC. Boosts Stock Holdings in ASGN Incorporated $ASGN

Reinhart Partners LLC. lifted its holdings in shares of ASGN Incorporated (NYSE:ASGN) by 5.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,072,427 shares of the business services provider’s stock after acquiring an additional 53,021 shares during the quarter. ASGN accounts for about 1.7% of Reinhart Partners LLC.’s investment portfolio, making the stock its 28th largest holding. Reinhart Partners LLC.’s holdings in ASGN were worth $50,780,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ASGN. Kennedy Capital Management LLC raised its holdings in ASGN by 1.7% during the 2nd quarter. Kennedy Capital Management LLC now owns 35,243 shares of the business services provider’s stock valued at $1,760,000 after acquiring an additional 594 shares during the period. SG Americas Securities LLC boosted its holdings in shares of ASGN by 1,376.9% in the third quarter. SG Americas Securities LLC now owns 73,224 shares of the business services provider’s stock worth $3,467,000 after acquiring an additional 68,266 shares during the period. Finally, Congress Asset Management Co. purchased a new position in shares of ASGN in the third quarter valued at $4,065,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

ASGN Stock Performance

ASGN stock opened at $49.05 on Friday. ASGN Incorporated has a fifty-two week low of $39.25 and a fifty-two week high of $95.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.99 and a current ratio of 1.99. The stock has a market cap of $2.09 billion, a P/E ratio of 16.52 and a beta of 0.86. The firm’s fifty day moving average price is $46.77 and its 200-day moving average price is $48.65.

ASGN (NYSE:ASGN) last announced its earnings results on Wednesday, October 22nd. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.09. ASGN had a net margin of 3.28% and a return on equity of 11.42%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. ASGN has set its Q4 2025 guidance at 1.120-1.200 EPS. On average, equities research analysts expect that ASGN Incorporated will post 5.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ASGN has been the topic of a number of recent research reports. BMO Capital Markets reissued an “outperform” rating and set a $57.00 price objective on shares of ASGN in a report on Wednesday, December 3rd. Wells Fargo & Company upped their price target on ASGN from $41.00 to $51.00 and gave the company an “equal weight” rating in a research report on Wednesday. Truist Financial lowered their price target on shares of ASGN from $65.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Weiss Ratings restated a “sell (d+)” rating on shares of ASGN in a research report on Wednesday, October 8th. Finally, UBS Group decreased their target price on shares of ASGN from $47.00 to $45.00 and set a “sell” rating on the stock in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, ASGN has a consensus rating of “Reduce” and a consensus price target of $50.00.

ASGN Company 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.