Blue Trust Inc. Purchases 4,528 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Blue Trust Inc. boosted its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 1,320.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,871 shares of the transportation company’s stock after purchasing an additional 4,528 shares during the period. Blue Trust Inc.’s holdings in Air Transport Services Group were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Pullen Investment Management LLC boosted its holdings in Air Transport Services Group by 3.6% during the 2nd quarter. Pullen Investment Management LLC now owns 18,303 shares of the transportation company’s stock valued at $254,000 after acquiring an additional 640 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Air Transport Services Group by 2.7% in the second quarter. The Manufacturers Life Insurance Company now owns 27,804 shares of the transportation company’s stock worth $386,000 after purchasing an additional 733 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in Air Transport Services Group by 3.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 39,667 shares of the transportation company’s stock worth $550,000 after buying an additional 1,158 shares during the period. Gladius Capital Management LP bought a new stake in Air Transport Services Group during the 2nd quarter valued at about $34,000. Finally, CWM LLC boosted its position in Air Transport Services Group by 144.4% in the 2nd quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after buying an additional 2,480 shares during the period. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Trading Down 1.0 %

NASDAQ:ATSG opened at $17.29 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74. The firm has a 50-day simple moving average of $15.80 and a 200-day simple moving average of $14.61. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $20.79. The firm has a market cap of $1.14 billion, a P/E ratio of 27.71 and a beta of 0.82.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $488.41 million during the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. Air Transport Services Group’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Equities analysts anticipate that Air Transport Services Group, Inc. will post 0.84 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ATSG shares. Stifel Nicolaus raised their target price on shares of Air Transport Services Group from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Truist Financial lifted their target price on Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.25.

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.