Cibc World Markets Corp Buys New Holdings in ASGN Incorporated (NYSE:ASGN)

Cibc World Markets Corp acquired a new position in ASGN Incorporated (NYSE:ASGN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,041 shares of the business services provider's stock, valued at approximately $337,000.

Several other institutional investors have also modified their holdings of ASGN. Entropy Technologies LP bought a new stake in shares of ASGN during the 4th quarter worth $299,000. Argent Capital Management LLC lifted its stake in ASGN by 31.6% during the fourth quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider's stock valued at $1,158,000 after buying an additional 3,339 shares in the last quarter. Cim Investment Management Inc. acquired a new position in shares of ASGN in the third quarter worth about $205,000. Finally, J.Safra Asset Management Corp increased its position in shares of ASGN by 48.1% in the fourth quarter. J.Safra Asset Management Corp now owns 428 shares of the business services provider's stock worth $36,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company's stock.

ASGN Stock Down 1.8 %

Shares of NYSE ASGN traded down $1.18 during mid-day trading on Friday, reaching $63.04. The company had a trading volume of 338,883 shares, compared to its average volume of 370,995. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 16.42 and a beta of 1.34. The stock has a fifty day moving average of $75.81 and a two-hundred day moving average of $85.58. ASGN Incorporated has a 12-month low of $62.70 and a 12-month high of $105.67.

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ASGN (NYSE:ASGN - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.07. ASGN had a return on equity of 13.22% and a net margin of 4.27%. As a group, equities research analysts expect that ASGN Incorporated will post 5.15 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of ASGN from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $101.75.

ASGN Company Profile

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.