Air Transport Services Group (NASDAQ:ATSG) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note released on Wednesday morning. The brokerage issued a hold rating on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the stock. Loop Capital reissued a “hold” rating and set a $22.50 price objective (up previously from $22.00) on shares of Air Transport Services Group in a research report on Tuesday, November 5th. Truist Financial upped their target price on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Air Transport Services Group currently has a consensus rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG opened at $22.04 on Wednesday. The stock has a market capitalization of $1.45 billion, a P/E ratio of -550.86 and a beta of 0.85. The firm’s fifty day simple moving average is $21.89 and its two-hundred day simple moving average is $17.64. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a 12 month low of $11.62 and a 12 month high of $22.33.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. Air Transport Services Group’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.32 EPS. As a group, analysts predict that Air Transport Services Group will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. River Road Asset Management LLC raised its holdings in shares of Air Transport Services Group by 2.9% in 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 acquiring an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after buying an additional 380,958 shares during the last quarter. American Century Companies Inc. increased its stake in Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after buying an additional 239,919 shares during the last quarter. State Street Corp increased its stake in Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock valued at $20,378,000 after buying an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC increased its stake in Air Transport Services Group by 26.4% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 91.81% of the company’s stock.

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.