Thompson Siegel & Walmsley LLC Has $14.86 Million Stake in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Thompson Siegel & Walmsley LLC cut its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 9.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,071,120 shares of the transportation company’s stock after selling 107,764 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Air Transport Services Group were worth $14,856,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ATSG. Gladius Capital Management LP bought a new stake in shares of Air Transport Services Group during the second quarter worth $34,000. Meeder Asset Management Inc. bought a new stake in Air Transport Services Group during the 2nd quarter worth $45,000. CWM LLC increased its holdings in Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after purchasing an additional 2,480 shares in the last quarter. Innealta Capital LLC acquired a new position in Air Transport Services Group in the 2nd quarter worth about $73,000. Finally, Covestor Ltd raised its position in Air Transport Services Group by 59.0% in the first quarter. Covestor Ltd now owns 8,234 shares of the transportation company’s stock valued at $113,000 after purchasing an additional 3,054 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Stock Performance

Shares of ATSG stock opened at $15.33 on Friday. The stock has a market capitalization of $1.01 billion, a PE ratio of 24.33 and a beta of 0.82. The business’s 50 day simple moving average is $15.36 and its 200 day simple moving average is $13.92. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $22.13.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The company had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. During the same period in the prior year, the firm posted $0.57 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, research analysts forecast that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ATSG shares. Truist Financial boosted their price target on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Stifel Nicolaus raised their price target on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Air Transport Services Group currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.