Atlas Air (NASDAQ:AAWW) CEO William J. Flynn sold 4,277 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $60.85, for a total value of $260,255.45. Following the completion of the transaction, the chief executive officer now directly owns 151,958 shares in the company, valued at approximately $9,246,644.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
AAWW opened at $60.75 on Friday. Atlas Air has a 12-month low of $45.45 and a 12-month high of $68.70. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $1,602.39, a PE ratio of 12.32 and a beta of 1.24.
Atlas Air (NASDAQ:AAWW) last posted its quarterly earnings results on Thursday, February 22nd. The transportation company reported $2.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.27. Atlas Air had a return on equity of 8.27% and a net margin of 10.36%. The business had revenue of $627.95 million for the quarter, compared to the consensus estimate of $592.08 million. During the same quarter in the prior year, the company earned $2.24 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. equities analysts expect that Atlas Air will post 5.72 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of AAWW. Amalgamated Bank bought a new stake in Atlas Air during the third quarter valued at about $208,000. Investors Research Corp bought a new stake in Atlas Air during the fourth quarter valued at about $305,000. KBC Group NV bought a new stake in Atlas Air during the fourth quarter valued at about $325,000. Alambic Investment Management L.P. bought a new stake in Atlas Air during the fourth quarter valued at about $364,000. Finally, ProVise Management Group LLC bought a new stake in Atlas Air during the third quarter valued at about $369,000.
Several equities analysts have commented on AAWW shares. Stifel Nicolaus upped their price objective on Atlas Air from $81.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research raised Atlas Air from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, February 7th. Susquehanna Bancshares set a $77.00 price objective on Atlas Air and gave the company a “buy” rating in a research report on Monday, February 26th. BidaskClub raised Atlas Air from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Imperial Capital reissued an “outperform” rating and set a $84.00 price target (up previously from $82.00) on shares of Atlas Air in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $75.60.
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Atlas Air Company Profile
Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.
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