Air Transport Services Group, Inc (NASDAQ:ATSG) Director Joseph Edward Roux sold 10,012 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $23.61, for a total value of $236,383.32. Following the completion of the transaction, the director now directly owns 27,862 shares of the company’s stock, valued at approximately $657,821.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Air Transport Services Group, Inc (NASDAQ:ATSG) opened at $23.68 on Tuesday. The firm has a market capitalization of $1,398.21, a PE ratio of 29.94 and a beta of 2.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.97. Air Transport Services Group, Inc has a twelve month low of $14.97 and a twelve month high of $26.75.
Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $254.10 million for the quarter, compared to analysts’ expectations of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 earnings per share. research analysts anticipate that Air Transport Services Group, Inc will post 0.86 EPS for the current year.
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A number of research analysts have issued reports on ATSG shares. TheStreet cut Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. Stifel Nicolaus reiterated a “hold” rating and issued a $22.00 target price (up previously from $20.00) on shares of Air Transport Services Group in a research report on Tuesday, November 7th. Cowen and Company reiterated an “outperform” rating and issued a $27.00 target price (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. BidaskClub upgraded Air Transport Services Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Air Transport Services Group presently has an average rating of “Hold” and an average price target of $24.25.
Several large investors have recently added to or reduced their stakes in ATSG. Advisor Group Inc. grew its holdings in shares of Air Transport Services Group by 21.4% during the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after purchasing an additional 1,217 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Air Transport Services Group during the second quarter worth about $168,000. First Mercantile Trust Co. bought a new stake in shares of Air Transport Services Group during the second quarter worth about $169,000. SG Americas Securities LLC bought a new stake in shares of Air Transport Services Group during the third quarter worth about $258,000. Finally, Prudential Financial Inc. bought a new stake in shares of Air Transport Services Group during the third quarter worth about $262,000. Institutional investors own 90.98% of the company’s stock.
About Air Transport Services Group
Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.
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