Air Transport Services Group (NASDAQ:ATSG) Now Covered by StockNews.com

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

Several other research analysts also recently commented on ATSG. Truist Financial increased their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 5th. Loop Capital reissued a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Stock Performance

NASDAQ:ATSG opened at $21.97 on Tuesday. The stock has a 50-day moving average price of $21.41 and a 200 day moving average price of $17.31. The company has a current ratio of 0.81, a quick ratio of 0.68 and a debt-to-equity ratio of 1.06. Air Transport Services Group has a 12-month low of $11.62 and a 12-month high of $22.33. The stock has a market capitalization of $1.44 billion, a P/E ratio of -549.11 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data 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 negative net margin of 0.12% and a positive return on equity of 3.12%. The company had revenue of $471.00 million for the quarter, compared to the consensus estimate of $507.46 million. During the same quarter in the previous year, the business earned $0.32 EPS. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Equities research analysts forecast that Air Transport Services Group will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Transport Services Group

Several large investors have recently added to or reduced their stakes in ATSG. Franklin Resources Inc. boosted its stake in Air Transport Services Group by 31.2% during the third quarter. Franklin Resources Inc. now owns 26,645 shares of the transportation company’s stock worth $434,000 after buying an additional 6,334 shares during the period. Barclays PLC boosted its stake in shares of Air Transport Services Group by 247.7% during the 3rd quarter. Barclays PLC now owns 72,934 shares of the transportation company’s stock worth $1,180,000 after purchasing an additional 51,955 shares during the period. Dean Investment Associates LLC grew its holdings in Air Transport Services Group by 39.8% during the 3rd quarter. Dean Investment Associates LLC now owns 173,559 shares of the transportation company’s stock valued at $2,810,000 after purchasing an additional 49,437 shares during the last quarter. XTX Topco Ltd purchased a new stake in Air Transport Services Group in the 3rd quarter worth about $269,000. Finally, Castleark Management LLC bought a new stake in Air Transport Services Group in the third quarter worth about $2,826,000. 91.81% of the stock is owned by institutional investors.

About Air Transport Services Group

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.