Air Transport Services Group (NASDAQ:ATSG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Air Transport Services Group (NASDAQ:ATSG) in a report released on Wednesday morning. The firm issued a hold rating on the transportation company’s stock.

Several other equities research analysts have also issued reports on ATSG. Loop Capital restated a “hold” rating and set a $22.50 price target (up previously from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Truist Financial raised their price target on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Air Transport Services Group currently has a consensus rating of “Hold” and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $22.04 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -550.86 and a beta of 0.85. Air Transport Services Group has a 52 week low of $11.62 and a 52 week high of $22.33. The firm has a 50-day moving average price of $21.89 and a two-hundred day moving average price of $17.64.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Friday, November 8th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million for the quarter, compared to analysts’ expectations of $507.46 million. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, equities analysts expect that Air Transport Services Group will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ATSG. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock worth $41,120,000 after buying an additional 380,958 shares during the period. American Century Companies Inc. boosted its holdings in Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after buying an additional 239,919 shares during the period. Anchor Capital Management Company LLC boosted its holdings in Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after purchasing an additional 233,789 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Air Transport Services Group in the 3rd quarter valued at $3,411,000. Finally, River Road Asset Management LLC boosted its holdings in Air Transport Services Group by 2.9% in the 3rd quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after purchasing an additional 201,722 shares during the period. 91.81% of the stock is owned by institutional investors.

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.