Air Transport Services Group, Inc. (NASDAQ:ATSG) Director Acquires $21,030.00 in Stock

Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) Director John Christopher Teets acquired 1,000 shares of Air Transport Services Group stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $21.03 per share, for a total transaction of $21,030.00. Following the completion of the transaction, the director now directly owns 4,728 shares of the company’s stock, valued at $99,429.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Air Transport Services Group Price Performance

ATSG opened at $20.23 on Friday. Air Transport Services Group, Inc. has a 1 year low of $19.88 and a 1 year high of $34.54. The company’s 50 day simple moving average is $24.85 and its 200 day simple moving average is $26.45. The stock has a market capitalization of $1.46 billion, a PE ratio of 8.91 and a beta of 0.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.36.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last announced its quarterly earnings results on Friday, February 24th. The transportation company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). The firm had revenue of $533.00 million for the quarter, compared to analyst estimates of $539.65 million. Air Transport Services Group had a return on equity of 14.23% and a net margin of 9.71%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, sell-side analysts expect that Air Transport Services Group, Inc. will post 1.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ATSG shares. Stifel Nicolaus reduced their target price on shares of Air Transport Services Group from $31.00 to $27.00 and set a “buy” rating on the stock in a report on Monday, February 27th. Susquehanna reduced their price objective on shares of Air Transport Services Group from $35.00 to $25.00 in a research note on Tuesday, February 28th. StockNews.com began coverage on shares of Air Transport Services Group in a research note on Thursday. They issued a “hold” rating for the company. Finally, Truist Financial reduced their price target on Air Transport Services Group from $29.00 to $22.00 and set a “hold” rating on the stock in a research note on Monday, February 27th.

Institutional Trading of Air Transport Services Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Air Transport Services Group by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 331,441 shares of the transportation company’s stock worth $11,087,000 after buying an additional 9,681 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Air Transport Services Group by 714.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,706 shares of the transportation company’s stock valued at $391,000 after acquiring an additional 10,268 shares in the last quarter. Bank of Montreal Can boosted its position in Air Transport Services Group by 41.3% during the 1st quarter. Bank of Montreal Can now owns 161,108 shares of the transportation company’s stock worth $5,497,000 after purchasing an additional 47,129 shares during the period. MetLife Investment Management LLC increased its holdings in Air Transport Services Group by 56.5% in the 1st quarter. MetLife Investment Management LLC now owns 32,199 shares of the transportation company’s stock valued at $1,077,000 after purchasing an additional 11,631 shares in the last quarter. Finally, APG Asset Management N.V. purchased a new position in Air Transport Services Group in the first quarter valued at about $385,000. Institutional investors and hedge funds own 95.77% of the company’s stock.

About Air Transport Services Group

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Air Transport Services Group, Inc engages in the provision of airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. It operates through the CAM and ACMI Services segments. The CAM segment consists of the company’s aircraft leasing operations.