Air Transport Services Group (NASDAQ:ATSG) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a research note released on Thursday morning. The brokerage issued a hold rating on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on ATSG. Loop Capital reaffirmed a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Stifel Nicolaus boosted their price target on 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. Finally, Truist Financial raised their price target on Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Air Transport Services Group has an average rating of “Hold” and an average target price of $20.60.

Air Transport Services Group Price Performance

Shares of NASDAQ ATSG opened at $21.96 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. The firm has a market capitalization of $1.44 billion, a PE ratio of -549.00 and a beta of 0.81. Air Transport Services Group has a 1-year low of $11.62 and a 1-year high of $22.27. The business’s fifty day moving average price is $17.50 and its two-hundred day moving average price is $15.54.

Air Transport Services Group (NASDAQ:ATSG) last released 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). The firm had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The firm’s revenue was down 10.0% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. On average, research analysts expect that Air Transport Services Group will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Air Transport Services Group

Several hedge funds have recently modified their holdings of the company. River Road Asset Management LLC lifted its holdings 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 during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in 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 valued at $41,120,000 after acquiring an additional 380,958 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after purchasing an additional 239,919 shares in the last quarter. State Street Corp grew its stake in shares of Air Transport Services Group by 1.1% in the 3rd quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after purchasing an additional 13,880 shares during the last quarter. Finally, Anchor Capital Management Company LLC grew its stake in shares of 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 worth $15,534,000 after purchasing an additional 233,789 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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.