State Street Corp Buys 13,880 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

State Street Corp increased its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,258,673 shares of the transportation company’s stock after acquiring an additional 13,880 shares during the quarter. State Street Corp owned approximately 1.91% of Air Transport Services Group worth $20,378,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. River Road Asset Management LLC lifted its stake in shares of Air Transport Services Group by 2.9% in the third 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 in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Air Transport Services Group by 14.7% in the 2nd 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 last quarter. American Century Companies Inc. raised its holdings in shares of Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after acquiring an additional 239,919 shares during the last quarter. Anchor Capital Management Company LLC lifted its position in Air Transport Services Group by 26.4% in the 2nd 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 in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Air Transport Services Group by 3.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 503,330 shares of the transportation company’s stock valued at $6,981,000 after purchasing an additional 15,400 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Trading Up 0.1 %

NASDAQ ATSG opened at $21.90 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $20.50 and its two-hundred day simple moving average is $16.85. Air Transport Services Group, Inc. has a twelve month low of $11.62 and a twelve month high of $22.33. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -547.36 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The firm had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same period in the prior year, the business posted $0.32 earnings per share. The business’s quarterly revenue was down 10.0% on a year-over-year basis. Research analysts forecast that Air Transport Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ATSG shares. StockNews.com initiated coverage on Air Transport Services Group in a research report on Monday. They issued a “hold” rating for the company. Loop Capital reiterated a “hold” rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, Truist Financial raised their price target on shares of 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.60.

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.