Air Transport Services Group Inc. (NASDAQ:ATSG) CFO Quint O. Turner sold 6,125 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $23.94, for a total value of $146,632.50. Following the completion of the sale, the chief financial officer now owns 242,603 shares of the company’s stock, valued at $5,807,915.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:ATSG traded down $0.40 on Friday, reaching $22.32. 457,504 shares of the company traded hands, compared to its average volume of 312,493. Air Transport Services Group Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $25.82. The company has a market capitalization of $1.35 billion, a PE ratio of 17.21 and a beta of 0.94. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.98 and a current ratio of 1.13.
Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Air Transport Services Group had a return on equity of 20.21% and a net margin of 7.33%. The company had revenue of $348.18 million during the quarter, compared to the consensus estimate of $306.01 million. As a group, research analysts forecast that Air Transport Services Group Inc. will post 1.27 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Bluestein R H & Co. acquired a new stake in shares of Air Transport Services Group during the 1st quarter valued at $231,000. Envestnet Asset Management Inc. acquired a new stake in Air Transport Services Group during the 1st quarter valued at $214,000. First Trust Advisors LP raised its stake in Air Transport Services Group by 415.5% during the 1st quarter. First Trust Advisors LP now owns 125,485 shares of the transportation company’s stock valued at $2,892,000 after purchasing an additional 101,141 shares during the period. Rothschild & Co. Asset Management US Inc. raised its stake in Air Transport Services Group by 0.5% during the 1st quarter. Rothschild & Co. Asset Management US Inc. now owns 322,775 shares of the transportation company’s stock valued at $7,440,000 after purchasing an additional 1,521 shares during the period. Finally, Redwood Investments LLC acquired a new stake in Air Transport Services Group during the 1st quarter valued at $325,000. Institutional investors own 88.13% of the company’s stock.
A number of equities research analysts have weighed in on the company. Imperial Capital restated an “outperform” rating and issued a $31.00 target price (up from $28.00) on shares of Air Transport Services Group in a research report on Thursday. BidaskClub downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Zacks Investment Research upgraded Air Transport Services Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Susquehanna Bancshares upgraded Air Transport Services Group from a “neutral” rating to a “positive” rating and increased their price objective for the company from $21.00 to $30.00 in a research report on Friday, February 8th. Finally, ValuEngine downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $28.33.
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About Air Transport Services Group
Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.
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