Air Transport Services Group, Inc. (NASDAQ:ATSG) COO Buys $40,780.00 in Stock

Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) COO Edward Joseph Koharik III purchased 2,000 shares of Air Transport Services Group stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $20.39 per share, for a total transaction of $40,780.00. Following the transaction, the chief operating officer now directly owns 35,713 shares of the company’s stock, valued at approximately $728,188.07. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Air Transport Services Group Stock Down 0.9 %

Shares of ATSG opened at $20.37 on Tuesday. The firm has a market capitalization of $1.47 billion, a P/E ratio of 8.97 and a beta of 0.79. Air Transport Services Group, Inc. has a 12-month low of $19.88 and a 12-month high of $34.54. The company has a current ratio of 1.36, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average price of $25.28 and a 200-day moving average price of $26.68.

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

Institutional Trading of Air Transport Services Group

A number of large investors have recently made changes to their positions in ATSG. Bank of New York Mellon Corp lifted its stake in Air Transport Services Group by 3.0% in 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 acquiring an additional 9,681 shares during the period. PNC Financial Services Group Inc. lifted its stake in Air Transport Services Group by 714.0% in the first quarter. PNC Financial Services Group Inc. now owns 11,706 shares of the transportation company’s stock worth $391,000 after acquiring an additional 10,268 shares during the period. Bank of Montreal Can lifted its stake in Air Transport Services Group by 41.3% in the first quarter. Bank of Montreal Can now owns 161,108 shares of the transportation company’s stock worth $5,497,000 after acquiring an additional 47,129 shares during the period. MetLife Investment Management LLC lifted its stake in Air Transport Services Group by 56.5% in the first quarter. MetLife Investment Management LLC now owns 32,199 shares of the transportation company’s stock worth $1,077,000 after acquiring an additional 11,631 shares during the period. Finally, APG Asset Management N.V. purchased a new stake in Air Transport Services Group in the first quarter worth about $385,000. 95.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ATSG shares. Truist Financial dropped their price objective on shares of Air Transport Services Group from $29.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, February 27th. Stifel Nicolaus dropped their price objective on shares of Air Transport Services Group from $31.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, February 27th. Finally, Susquehanna dropped their price objective on shares of Air Transport Services Group from $35.00 to $25.00 in a research note on Tuesday, February 28th.

Air Transport Services Group Company Profile

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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.