Entropy Technologies LP Makes New $299,000 Investment in ASGN Incorporated (NYSE:ASGN)

Entropy Technologies LP purchased a new position in ASGN Incorporated (NYSE:ASGN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,590 shares of the business services provider's stock, valued at approximately $299,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Argent Capital Management LLC grew its position in ASGN by 31.6% in the fourth quarter. Argent Capital Management LLC now owns 13,898 shares of the business services provider's stock worth $1,158,000 after acquiring an additional 3,339 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in ASGN by 17.3% during the third quarter. Crossmark Global Holdings Inc. now owns 5,414 shares of the business services provider's stock worth $505,000 after purchasing an additional 800 shares during the last quarter. Finally, Cim Investment Management Inc. purchased a new position in shares of ASGN in the 3rd quarter worth about $205,000. Institutional investors own 95.36% of the company's stock.

ASGN Stock Down 2.5 %

Shares of NYSE ASGN traded down $1.93 during trading on Monday, reaching $75.32. The company had a trading volume of 709,541 shares, compared to its average volume of 357,108. The business's 50-day moving average is $85.96 and its 200 day moving average is $90.16. The stock has a market cap of $3.33 billion, a PE ratio of 19.62 and a beta of 1.38. ASGN Incorporated has a 12-month low of $74.94 and a 12-month high of $106.42. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.58.

ASGN (NYSE:ASGN - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. ASGN had a net margin of 4.27% and a return on equity of 13.22%. As a group, equities analysts forecast that ASGN Incorporated will post 5.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ASGN has been the topic of a number of research reports. StockNews.com cut ASGN from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. BMO Capital Markets raised shares of ASGN from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $96.00 to $100.00 in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $115.00 price objective on shares of ASGN in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average 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.