Air Transport Services Group Inc. (NASDAQ:ATSG) insider W Joseph Payne sold 5,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $23.06, for a total value of $115,300.00. Following the transaction, the insider now owns 160,881 shares in the company, valued at approximately $3,709,915.86. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of ATSG stock opened at $23.69 on Friday. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 18.95 and a beta of 0.93. Air Transport Services Group Inc. has a fifty-two week low of $17.06 and a fifty-two week high of $25.82. The company has a debt-to-equity ratio of 3.60, a quick ratio of 0.85 and a current ratio of 0.99.
Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Tuesday, May 7th. The transportation company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.09. The firm had revenue of $348.18 million for the quarter, compared to the consensus estimate of $306.01 million. Air Transport Services Group had a return on equity of 20.87% and a net margin of 7.33%. On average, analysts forecast that Air Transport Services Group Inc. will post 1.32 earnings per share for the current year.
A number of equities analysts have commented on ATSG shares. Zacks Investment Research lowered Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. BidaskClub downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. ValuEngine downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Imperial Capital reaffirmed an “outperform” rating and issued a $28.00 target price (down previously from $31.00) on shares of Air Transport Services Group in a report on Tuesday, March 5th. Finally, Stifel Nicolaus set a $26.00 target price on Air Transport Services Group and gave the company a “buy” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.17.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of Air Transport Services Group during the 4th quarter valued at $30,000. Quantamental Technologies LLC acquired a new stake in shares of Air Transport Services Group during the 1st quarter valued at $50,000. Great West Life Assurance Co. Can acquired a new stake in shares of Air Transport Services Group during the 4th quarter valued at $73,000. Amalgamated Bank acquired a new stake in shares of Air Transport Services Group during the 4th quarter valued at $201,000. Finally, Hsbc Holdings PLC acquired a new position in Air Transport Services Group during the 1st quarter worth about $202,000. 90.52% of the stock is currently owned by institutional investors.
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Air Transport Services Group Company Profile
Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.
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