Air Transport Services Group (NASDAQ:ATSG) Shares Gap Down to $12.45

Air Transport Services Group, Inc. (NASDAQ:ATSG)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $12.45, but opened at $12.20. Air Transport Services Group shares last traded at $12.39, with a volume of 4,240 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on ATSG. Susquehanna lifted their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. TD Cowen lifted their price objective on shares of Air Transport Services Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Truist Financial lowered their price objective on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Finally, StockNews.com upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.83.

Air Transport Services Group Stock Down 0.7 %

The stock’s fifty day moving average is $13.28 and its two-hundred day moving average is $14.23. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $845.21 million, a PE ratio of 20.41 and a beta of 0.86.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $485.50 million for the quarter, compared to the consensus estimate of $479.77 million. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. As a group, analysts predict that Air Transport Services Group, Inc. will post 0.73 EPS for the current year.

Institutional Investors Weigh In On Air Transport Services Group

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Air Transport Services Group by 1.7% during the third quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock valued at $132,311,000 after purchasing an additional 103,496 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Air Transport Services Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,013,004 shares of the transportation company’s stock valued at $70,669,000 after purchasing an additional 175,076 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Air Transport Services Group by 4,734.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,197,508 shares of the transportation company’s stock valued at $38,698,000 after purchasing an additional 2,152,052 shares during the last quarter. U S Global Investors Inc. lifted its holdings in Air Transport Services Group by 1.2% during the first quarter. U S Global Investors Inc. now owns 2,005,710 shares of the transportation company’s stock valued at $27,599,000 after purchasing an additional 23,356 shares during the last quarter. Finally, FMR LLC lifted its holdings in Air Transport Services Group by 2.6% during the third quarter. FMR LLC now owns 1,829,208 shares of the transportation company’s stock valued at $38,176,000 after purchasing an additional 46,428 shares during the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.