Atlas Air Worldwide (NASDAQ:AAWW) Receives New Coverage from Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Atlas Air Worldwide (NASDAQ:AAWW) in a report issued on Monday, The Fly reports. The firm set a “buy” rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the company. Truist Securities assumed coverage on Atlas Air Worldwide in a report on Friday, April 16th. They issued a “buy” rating and a $95.00 price objective for the company. TheStreet raised Atlas Air Worldwide from a “c+” rating to a “b-” rating in a research note on Thursday, April 22nd. Truist initiated coverage on shares of Atlas Air Worldwide in a research report on Friday, April 16th. They set a “buy” rating and a $95.00 price objective on the stock. Finally, Zacks Investment Research raised shares of Atlas Air Worldwide from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Monday, May 17th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $77.00.

Shares of AAWW opened at $68.51 on Monday. The stock has a market cap of $1.99 billion, a PE ratio of 4.57 and a beta of 1.31. Atlas Air Worldwide has a twelve month low of $38.36 and a twelve month high of $76.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.84. The firm’s fifty day moving average price is $71.53.

Atlas Air Worldwide (NASDAQ:AAWW) last issued its quarterly earnings data on Tuesday, May 4th. The transportation company reported $2.45 EPS for the quarter, beating the consensus estimate of $1.80 by $0.65. The firm had revenue of $861.30 million during the quarter, compared to the consensus estimate of $819.70 million. Atlas Air Worldwide had a net margin of 12.45% and a return on equity of 19.62%. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.15 earnings per share. On average, analysts predict that Atlas Air Worldwide will post 12.19 earnings per share for the current fiscal year.

In other news, CEO John W. Dietrich sold 25,000 shares of Atlas Air Worldwide stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $70.29, for a total transaction of $1,757,250.00. Following the completion of the transaction, the chief executive officer now directly owns 94,287 shares in the company, valued at $6,627,433.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Adam Richard Kokas sold 22,058 shares of Atlas Air Worldwide stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $62.50, for a total transaction of $1,378,625.00. Following the transaction, the executive vice president now owns 54,958 shares of the company’s stock, valued at $3,434,875. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,540 shares of company stock valued at $4,339,796. 1.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Wealthcare Advisory Partners LLC purchased a new position in Atlas Air Worldwide during the first quarter valued at $38,000. RMR Wealth Builders bought a new position in shares of Atlas Air Worldwide during the first quarter valued at $42,000. Veriti Management LLC purchased a new position in shares of Atlas Air Worldwide in the 4th quarter worth about $54,000. Public Employees Retirement System of Ohio boosted its stake in Atlas Air Worldwide by 26.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,025 shares of the transportation company’s stock worth $62,000 after purchasing an additional 217 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its position in Atlas Air Worldwide by 87.9% during the 1st quarter. Carolina Wealth Advisors LLC now owns 1,135 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 531 shares during the last quarter. 96.88% of the stock is owned by institutional investors.

About Atlas Air Worldwide

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers.

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