SummerHaven Investment Management LLC Acquires Shares of 16,838 ASGN Incorporated $ASGN

SummerHaven Investment Management LLC bought a new position in shares of ASGN Incorporated (NYSE:ASGN) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,838 shares of the business services provider’s stock, valued at approximately $797,000.

Several other institutional investors have also made changes to their positions in the stock. Kennedy Capital Management LLC increased its stake 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 worth $1,760,000 after acquiring an additional 594 shares during the period. TradeLink Capital LLC acquired a new stake in shares of ASGN during the 3rd quarter worth approximately $259,000. Reinhart Partners LLC. raised its position 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 purchasing an additional 53,021 shares in the last quarter. SG Americas Securities LLC lifted 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 worth $3,467,000 after purchasing an additional 68,266 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new stake in shares of ASGN in the 3rd quarter valued at $4,065,000. 95.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ASGN. Wells Fargo & Company dropped their price objective on ASGN from $51.00 to $49.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings restated a “sell (d+)” rating on shares of ASGN in a research note on Wednesday, January 21st. Truist Financial lifted their price target on shares of ASGN from $50.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets reissued an “outperform” rating and issued a $57.00 price objective on shares of ASGN in a research note on Wednesday, December 3rd. Finally, UBS Group dropped their price target on ASGN from $47.00 to $45.00 and set a “sell” rating for the company in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $51.33.

ASGN Stock Down 2.7%

Shares of ASGN opened at $49.25 on Thursday. The company has a market capitalization of $2.10 billion, a PE ratio of 16.58 and a beta of 0.86. The stock’s 50-day moving average price is $47.93 and its two-hundred day moving average price is $48.57. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.64. ASGN Incorporated has a 12 month low of $39.25 and a 12 month high of $93.95.

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.