Air Transport Services Group Inc. (NASDAQ:ATSG) VP Sarah Elizabeth Williams sold 1,209 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $23.39, for a total value of $28,278.51. Following the sale, the vice president now owns 15,390 shares in the company, valued at $359,972.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
ATSG stock traded down $0.17 during trading on Friday, hitting $23.52. The stock had a trading volume of 326 shares, compared to its average volume of 258,862. The company has a current ratio of 0.99, a quick ratio of 0.85 and a debt-to-equity ratio of 3.60. Air Transport Services Group Inc. has a twelve month low of $17.06 and a twelve month high of $25.82. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 18.85 and a beta of 0.93.
Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Tuesday, May 7th. The transportation company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. The company had revenue of $348.18 million for the quarter, compared to analysts’ expectations of $306.01 million. Air Transport Services Group had a return on equity of 20.87% and a net margin of 7.33%. As a group, equities analysts forecast that Air Transport Services Group Inc. will post 1.32 EPS for the current fiscal year.
A number of equities research analysts have recently commented on ATSG shares. Zacks Investment Research cut Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 20th. BidaskClub upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Friday, April 19th. ValuEngine cut Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Imperial Capital reiterated an “outperform” rating and issued a $28.00 price objective (down from $31.00) on shares of Air Transport Services Group in a report on Tuesday, March 5th. Finally, Stifel Nicolaus set a $26.00 price objective on Air Transport Services Group and gave the stock a “buy” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Air Transport Services Group currently has an average rating of “Buy” and an average price target of $28.17.
Institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $30,000. Quantamental Technologies LLC acquired a new position in shares of Air Transport Services Group during the 1st quarter worth approximately $50,000. Great West Life Assurance Co. Can acquired a new position in shares of Air Transport Services Group during the 4th quarter worth approximately $73,000. Hsbc Holdings PLC purchased a new stake in Air Transport Services Group in the first quarter valued at approximately $202,000. Finally, Amalgamated Bank purchased a new stake in Air Transport Services Group in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 90.52% of the company’s stock.
Air Transport Services Group Company Profile
Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.
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