Blue Trust Inc. Has $48,000 Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Blue Trust Inc. reduced its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 55.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,171 shares of the transportation company’s stock after selling 2,700 shares during the quarter. Blue Trust Inc.’s holdings in Air Transport Services Group were worth $48,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in Air Transport Services Group by 33.2% during the 3rd quarter. Creative Planning now owns 13,384 shares of the transportation company’s stock worth $217,000 after buying an additional 3,338 shares in the last quarter. River Road Asset Management LLC boosted its holdings in Air Transport Services Group by 2.9% during the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock worth $116,085,000 after buying an additional 201,722 shares during the last quarter. Empowered Funds LLC grew its holdings in Air Transport Services Group by 11.1% during the third quarter. Empowered Funds LLC now owns 290,423 shares of the transportation company’s stock valued at $4,702,000 after purchasing an additional 29,104 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Air Transport Services Group by 106.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 6,744 shares of the transportation company’s stock valued at $109,000 after buying an additional 3,471 shares during the period. Finally, Phocas Financial Corp. grew its stake in Air Transport Services Group by 49.4% in the third quarter. Phocas Financial Corp. now owns 223,036 shares of the transportation company’s stock valued at $3,611,000 after acquiring an additional 73,752 shares during the period. 91.81% of the stock is owned by institutional investors.

Air Transport Services Group Trading Up 0.1 %

ATSG opened at $22.33 on Wednesday. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $22.35. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. The company has a market cap of $1.47 billion, a P/E ratio of -558.11 and a beta of 0.84. The company’s 50 day moving average is $22.13 and its 200-day moving average is $19.44.

Analyst Ratings Changes

ATSG has been the subject of several research reports. Loop Capital reaffirmed a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial upped their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, StockNews.com started coverage on shares of Air Transport Services Group in a research note on Tuesday. They set a “hold” rating for the company. Four investment 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, Air Transport Services Group has an average rating of “Hold” and a consensus price target of $20.60.

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.