Air Transport Services Group Inc. (NASDAQ:ATSG) Insider Sells $115,300.00 in Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) insider W Joseph Payne sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $23.06, for a total transaction of $115,300.00. Following the sale, the insider now owns 160,881 shares of the company’s stock, valued at approximately $3,709,915.86. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ATSG stock opened at $23.42 on Thursday. Air Transport Services Group Inc. has a 12 month low of $17.06 and a 12 month high of $25.82. The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.74 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 3.60.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. Air Transport Services Group had a net margin of 7.33% and a return on equity of 20.87%. The firm had revenue of $348.18 million during the quarter, compared to the consensus estimate of $306.01 million. On average, equities research analysts forecast that Air Transport Services Group Inc. will post 1.32 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on ATSG. BidaskClub upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus set a $26.00 price target on shares of Air Transport Services Group and gave the company a “buy” rating in a research report on Thursday, May 16th. Imperial Capital reiterated an “outperform” rating and issued a $31.00 price target (up previously from $28.00) on shares of Air Transport Services Group in a research report on Thursday, May 9th. Zacks Investment Research upgraded shares of Air Transport Services Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, ValuEngine downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $28.17.

A number of hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new position in Air Transport Services Group in the 4th quarter valued at $30,000. Quantamental Technologies LLC acquired a new position in Air Transport Services Group in the 1st quarter valued at $50,000. Great West Life Assurance Co. Can acquired a new position in Air Transport Services Group in the 4th quarter valued at $73,000. Amalgamated Bank acquired a new position in Air Transport Services Group in the 4th quarter valued at $201,000. Finally, Hsbc Holdings PLC acquired a new position in Air Transport Services Group in the 1st quarter valued at $202,000. Hedge funds and other institutional investors own 90.52% of the company’s stock.

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About Air Transport Services Group

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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Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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