Air Transport Services Group (NASDAQ:ATSG) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Air Transport Services Group (NASDAQ:ATSG – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the transportation company’s stock.

A number of other equities analysts have also issued reports on the company. Stifel Nicolaus decreased their price objective on Air Transport Services Group from $31.00 to $27.00 and set a “buy” rating for the company in a report on Monday, February 27th. Susquehanna decreased their price objective on Air Transport Services Group from $35.00 to $25.00 in a report on Tuesday, February 28th. Finally, Truist Financial decreased their price objective on Air Transport Services Group from $29.00 to $22.00 and set a “hold” rating for the company in a report on Monday, February 27th.

Air Transport Services Group Stock Down 2.5 %

Shares of Air Transport Services Group stock opened at $20.23 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The business’s 50 day simple moving average is $24.85 and its 200-day simple moving average is $26.45. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 8.91 and a beta of 0.79. Air Transport Services Group has a twelve month low of $19.88 and a twelve month high of $34.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last announced its quarterly earnings results on Friday, February 24th. The transportation company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). The company had revenue of $533.00 million for the quarter, compared to analyst estimates of $539.65 million. Air Transport Services Group had a return on equity of 14.23% and a net margin of 9.71%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Equities research analysts forecast that Air Transport Services Group will post 1.94 earnings per share for the current year.

Insider Activity

In other news, CEO Richard Francis Corrado acquired 2,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was acquired at an average price of $23.00 per share, for a total transaction of $46,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 183,222 shares in the company, valued at approximately $4,214,106. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Air Transport Services Group news, Director Jeffrey J. Vorholt bought 1,250 shares of Air Transport Services Group stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average cost of $20.80 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director now owns 33,700 shares of the company’s stock, valued at approximately $700,960. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Francis Corrado purchased 2,000 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was bought at an average cost of $23.00 per share, for a total transaction of $46,000.00. Following the acquisition, the chief executive officer now directly owns 183,222 shares of the company’s stock, valued at approximately $4,214,106. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 7,250 shares of company stock worth $154,590. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Air Transport Services Group

A number of hedge funds have recently modified their holdings of the stock. River Road Asset Management LLC lifted its holdings in shares of Air Transport Services Group by 6.9% during the fourth quarter. River Road Asset Management LLC now owns 8,371,070 shares of the transportation company’s stock valued at $217,480,000 after purchasing an additional 543,154 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Air Transport Services Group by 19.2% in the first quarter. Vanguard Group Inc. now owns 6,379,988 shares of the transportation company’s stock worth $213,411,000 after buying an additional 1,029,325 shares during the period. FMR LLC increased its position in shares of Air Transport Services Group by 2.0% in the second quarter. FMR LLC now owns 5,534,391 shares of the transportation company’s stock worth $159,002,000 after acquiring an additional 108,581 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Air Transport Services Group by 7.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,636,293 shares of the transportation company’s stock valued at $94,473,000 after acquiring an additional 266,062 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Air Transport Services Group by 3.2% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,153,258 shares of the transportation company’s stock valued at $55,942,000 after acquiring an additional 65,995 shares in the last quarter. 95.77% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Company Profile

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Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.