Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $61.95, for a total value of $309,750.00. Following the transaction, the chief executive officer now directly owns 161,958 shares of the company’s stock, valued at $10,033,298.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Atlas Air Worldwide Holdings, Inc. (AAWW) opened at $61.95 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $1,570.00, a P/E ratio of 37.77 and a beta of 1.38. Atlas Air Worldwide Holdings, Inc. has a 12-month low of $45.45 and a 12-month high of $68.70.
Atlas Air Worldwide (NASDAQ:AAWW) last issued its earnings results on Tuesday, November 7th. The transportation company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The company had revenue of $535.70 million during the quarter, compared to analysts’ expectations of $521.29 million. Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. analysts predict that Atlas Air Worldwide Holdings, Inc. will post 4.59 EPS for the current fiscal year.
AAWW has been the subject of several research analyst reports. ValuEngine downgraded Atlas Air Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 14th. Cowen raised Atlas Air Worldwide from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $62.00 to $72.00 in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Monday. Stifel Nicolaus upgraded Atlas Air Worldwide from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Atlas Air Worldwide from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $69.50.
Large investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. purchased a new stake in Atlas Air Worldwide in the 2nd quarter valued at $201,000. Amalgamated Bank purchased a new stake in Atlas Air Worldwide in the 3rd quarter valued at $208,000. New England Research & Management Inc. purchased a new stake in Atlas Air Worldwide in the 3rd quarter valued at $273,000. Piedmont Investment Advisors LLC purchased a new stake in Atlas Air Worldwide in the 2nd quarter valued at $285,000. Finally, USA Financial Portformulas Corp purchased a new stake in Atlas Air Worldwide in the 3rd quarter valued at $339,000.
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About Atlas Air Worldwide
Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).
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