Truist Financial Corp Has $352,000 Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Truist Financial Corp cut its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSGGet Rating) by 33.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,633 shares of the transportation company’s stock after selling 7,314 shares during the quarter. Truist Financial Corp’s holdings in Air Transport Services Group were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ATSG. Vanguard Group Inc. grew its position in shares of Air Transport Services Group by 19.2% in the 1st quarter. Vanguard Group Inc. now owns 6,379,988 shares of the transportation company’s stock valued at $213,411,000 after purchasing an additional 1,029,325 shares during the period. Driehaus Capital Management LLC grew its position in shares of Air Transport Services Group by 14.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,739,522 shares of the transportation company’s stock valued at $49,976,000 after purchasing an additional 225,309 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Air Transport Services Group by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,771,809 shares of the transportation company’s stock valued at $92,718,000 after purchasing an additional 218,622 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Air Transport Services Group in the 1st quarter valued at approximately $3,846,000. Finally, FMR LLC grew its position in shares of Air Transport Services Group by 2.0% in the 2nd quarter. FMR LLC now owns 5,534,391 shares of the transportation company’s stock valued at $159,002,000 after purchasing an additional 108,581 shares during the period. 95.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ATSG shares. Truist Financial boosted their price objective on Air Transport Services Group from $28.00 to $29.00 in a research report on Monday, January 9th. StockNews.com began coverage on Air Transport Services Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Air Transport Services Group Trading Down 0.9 %

NASDAQ ATSG opened at $27.64 on Wednesday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.81 and a beta of 0.72. The stock’s 50 day moving average price is $27.09 and its two-hundred day moving average price is $28.13. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.04 and a current ratio of 1.22. Air Transport Services Group, Inc. has a 52 week low of $23.32 and a 52 week high of $34.54.

Air Transport Services Group (NASDAQ:ATSGGet Rating) last released its earnings results on Thursday, November 3rd. The transportation company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.53 by $0.07. Air Transport Services Group had a return on equity of 14.10% and a net margin of 10.05%. The firm had revenue of $516.92 million for the quarter, compared to analysts’ expectations of $498.59 million. As a group, analysts anticipate that Air Transport Services Group, Inc. will post 2.31 earnings per share for the current fiscal year.

About Air Transport Services Group

(Get Rating)

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. The company offers aircraft, flight crews, aircraft maintenance, 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.

Further Reading

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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