BNP Paribas Financial Markets Buys 24,103 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

BNP Paribas Financial Markets grew its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,006 shares of the transportation company’s stock after acquiring an additional 24,103 shares during the period. BNP Paribas Financial Markets owned 0.18% of Air Transport Services Group worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Air Transport Services Group in the 4th quarter worth approximately $26,000. CWM LLC lifted its stake in shares of Air Transport Services Group by 53.9% during the fourth quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 767 shares during the period. Cetera Trust Company N.A acquired a new position in shares of Air Transport Services Group during the fourth quarter valued at $90,000. C M Bidwell & Associates Ltd. bought a new position in Air Transport Services Group in the third quarter valued at about $196,000. Finally, Quadrature Capital Ltd acquired a new stake in Air Transport Services Group in the third quarter worth about $327,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

Air Transport Services Group Stock Up 1.4 %

Shares of NASDAQ ATSG opened at $13.49 on Friday. The firm has a 50 day moving average price of $13.31 and a 200 day moving average price of $14.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.63 and a current ratio of 0.75. The stock has a market cap of $886.56 million, a P/E ratio of 21.41 and a beta of 0.85. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $485.50 million during the quarter, compared to analysts’ expectations of $479.77 million. Air Transport Services Group had a net margin of 2.37% and a return on equity of 6.61%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS. Analysts expect that Air Transport Services Group, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATSG. TD Cowen raised 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 research note on Wednesday, May 8th. StockNews.com raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Truist Financial lowered their target price on shares of Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a report on Friday, April 19th. Finally, Susquehanna increased their price target on Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Air Transport Services Group presently has an average rating of “Moderate Buy” and a consensus target price of $21.83.

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.