StockNews.com Begins Coverage on Air Transport Services Group (NASDAQ:ATSG)

StockNews.com started coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the transportation company’s stock.

ATSG has been the subject of a number of other research reports. Stifel Nicolaus raised their target price on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Truist Financial raised their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Loop Capital reiterated a “hold” rating and issued a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Price Performance

ATSG stock opened at $22.03 on Wednesday. Air Transport Services Group has a 1 year low of $11.62 and a 1 year high of $22.27. The company has a market cap of $1.45 billion, a P/E ratio of -550.61 and a beta of 0.81. The firm has a 50-day moving average of $16.80 and a 200 day moving average of $15.22. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.62.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 EPS. On average, sell-side analysts forecast that Air Transport Services Group will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATSG. River Road Asset Management LLC raised its stake in Air Transport Services Group by 2.9% during the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after buying an additional 201,722 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after acquiring an additional 380,958 shares during the period. American Century Companies Inc. increased its position in Air Transport Services Group by 14.8% during the second quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after acquiring an additional 239,919 shares during the last quarter. Anchor Capital Management Company LLC lifted its holdings in Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after acquiring an additional 233,789 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Air Transport Services Group by 3.2% in the second quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company’s stock worth $6,981,000 after purchasing an additional 15,400 shares during the last quarter. Institutional investors own 91.81% of the company’s stock.

About Air Transport Services Group

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.