Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the four ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $25.25.
Several research analysts have weighed in on ATSG shares. Truist Financial boosted their price target on Air Transport Services Group from $17.00 to $21.00 and gave the stock a “hold” rating in a research report on Monday, August 7th. Susquehanna boosted their price target on Air Transport Services Group from $18.00 to $26.00 and gave the stock a “positive” rating in a research report on Wednesday. TD Cowen boosted their price target on Air Transport Services Group from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. StockNews.com initiated coverage on Air Transport Services Group in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their target price on Air Transport Services Group from $27.00 to $26.00 in a report on Monday, May 8th.
Get Our Latest Stock Report on ATSG
Air Transport Services Group Trading Down 1.2 %
Air Transport Services Group (NASDAQ:ATSG – Get Free Report) last posted its quarterly earnings results on Friday, August 4th. The transportation company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.20. The firm had revenue of $529.34 million for the quarter, compared to analyst estimates of $514.56 million. Air Transport Services Group had a return on equity of 12.10% and a net margin of 7.30%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 EPS. As a group, analysts anticipate that Air Transport Services Group will post 1.76 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total transaction of $22,951,500.00. Following the transaction, the insider now directly owns 12,741,445 shares of the company’s stock, valued at approximately $248,458,177.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at approximately $248,458,177.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond E. Johns, Jr. purchased 2,200 shares of Air Transport Services Group stock in a transaction that occurred on Thursday, May 18th. The stock was purchased at an average price of $16.49 per share, with a total value of $36,278.00. Following the completion of the purchase, the director now directly owns 23,543 shares in the company, valued at $388,224.07. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.
Institutional Trading of Air Transport Services Group
Several institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its position in shares of Air Transport Services Group by 374.9% during the 4th quarter. Harbour Investments Inc. now owns 1,249 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 986 shares during the period. Lazard Asset Management LLC lifted its position in shares of Air Transport Services Group by 1,147.3% during the 4th quarter. Lazard Asset Management LLC now owns 1,372 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 1,262 shares during the period. CWM LLC lifted its position in shares of Air Transport Services Group by 42.1% during the 4th quarter. CWM LLC now owns 1,536 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 455 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Air Transport Services Group by 141.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 980 shares during the period. Finally, Peoples Financial Services CORP. bought a new stake in shares of Air Transport Services Group during the 2nd quarter valued at $42,000. 91.57% of the stock is currently owned by institutional investors.
About Air Transport Services Group
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.
Featured Articles
- Five stocks we like better than Air Transport Services Group
- What is the Hang Seng index?
- MarketBeat Week in Review – 8/7 – 8/11
- What is a Mid Cap Stock? How to Invest
- 3 Retailers To Watch Closely Next Week
- There Are Different Types of Stock To Invest In
- Investing in Coffee: 3 Great Strategies to Consider
Receive News & Ratings for Air Transport Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group and related companies with MarketBeat.com's FREE daily email newsletter.
