Boston Partners Acquires Shares of 20,187 Air Transport Services Group, Inc. (NASDAQ:ATSG)

Boston Partners acquired a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,187 shares of the transportation company’s stock, valued at approximately $486,000.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Air Transport Services Group by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 331,441 shares of the transportation company’s stock valued at $11,087,000 after buying an additional 9,681 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Air Transport Services Group by 714.0% during the first quarter. PNC Financial Services Group Inc. now owns 11,706 shares of the transportation company’s stock valued at $391,000 after buying an additional 10,268 shares during the period. Bank of Montreal Can increased its position in shares of Air Transport Services Group by 41.3% during the first quarter. Bank of Montreal Can now owns 161,108 shares of the transportation company’s stock valued at $5,497,000 after buying an additional 47,129 shares during the period. MetLife Investment Management LLC increased its position in shares of Air Transport Services Group by 56.5% during the first quarter. MetLife Investment Management LLC now owns 32,199 shares of the transportation company’s stock valued at $1,077,000 after buying an additional 11,631 shares during the period. Finally, APG Asset Management N.V. purchased a new position in shares of Air Transport Services Group during the first quarter valued at about $385,000. Hedge funds and other institutional investors own 95.77% of the company’s stock.

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Wall Street Analyst Weigh In

Separately, Truist Financial boosted their price target on shares of Air Transport Services Group from $28.00 to $29.00 in a research report on Monday, January 9th.

Air Transport Services Group Trading Up 2.6 %

NASDAQ:ATSG opened at $25.71 on Wednesday. Air Transport Services Group, Inc. has a one year low of $23.32 and a one year high of $34.54. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.22 and a quick ratio of 1.04. The company’s 50-day simple moving average is $26.72 and its 200 day simple moving average is $27.88. The firm has a market capitalization of $1.87 billion, a P/E ratio of 10.99 and a beta of 0.72.

Air Transport Services Group 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.

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