157,370 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Bought by LSV Asset Management

LSV Asset Management bought a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 157,370 shares of the transportation company’s stock, valued at approximately $2,771,000. LSV Asset Management owned about 0.24% of Air Transport Services Group at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Air Transport Services Group by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock worth $132,311,000 after buying an additional 103,496 shares during the period. American Century Companies Inc. grew its stake in shares of Air Transport Services Group by 12.7% in the third quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock worth $24,122,000 after purchasing an additional 130,130 shares during the last quarter. U S Global Investors Inc. increased its holdings in Air Transport Services Group by 38.4% in the fourth quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock valued at $34,909,000 after purchasing an additional 550,229 shares during the period. Assenagon Asset Management S.A. increased its holdings in Air Transport Services Group by 255.4% in the third quarter. Assenagon Asset Management S.A. now owns 71,440 shares of the transportation company’s stock valued at $1,491,000 after purchasing an additional 51,339 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Air Transport Services Group by 8.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 832,544 shares of the transportation company’s stock valued at $17,375,000 after buying an additional 67,700 shares during the last quarter. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATSG has been the topic of a number of recent analyst reports. Truist Financial cut their price objective on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Susquehanna upped their price objective on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com upgraded shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, TD Cowen boosted their target price on shares of Air Transport Services Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.83.

Air Transport Services Group Trading Up 1.6 %

ATSG opened at $14.82 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 1.25. The company has a fifty day moving average price of $12.96 and a two-hundred day moving average price of $15.01. The company has a market cap of $973.44 million, a P/E ratio of 23.52 and a beta of 0.85. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Air Transport Services Group had a return on equity of 7.93% and a net margin of 2.91%. The company had revenue of $485.50 million for the quarter, compared to analyst estimates of $479.77 million. During the same period in the prior year, the firm earned $0.36 earnings per share. Air Transport Services Group’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts predict that Air Transport Services Group, Inc. will post 0.73 EPS for the current fiscal year.

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.