Air Transport Services Group (NASDAQ:ATSG) Reaches New 1-Year High – Still a Buy?

Air Transport Services Group, Inc. (NASDAQ:ATSG)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.04 and last traded at $22.04, with a volume of 510753 shares traded. The stock had previously closed at $17.40.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATSG. Truist Financial upped their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday. Stifel Nicolaus upped their price objective on 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. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Air Transport Services Group currently has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Up 0.1 %

The company has a quick ratio of 0.62, a current ratio of 0.74 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $1.45 billion, a PE ratio of 88.08 and a beta of 0.81. The firm’s fifty day moving average is $16.11 and its 200-day moving average is $14.85.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. River Road Asset Management LLC grew its stake in shares of Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after purchasing an additional 201,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Air Transport Services Group by 14.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after buying an additional 380,958 shares in the last quarter. American Century Companies Inc. grew its position in Air Transport Services Group by 14.8% during the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares during the period. Anchor Capital Management Company LLC increased its holdings in Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after buying an additional 233,789 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Air Transport Services Group by 3.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company’s stock valued at $6,981,000 after acquiring an additional 15,400 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.

About Air Transport Services Group

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.