W Joseph Payne Sells 7,500 Shares of Air Transport Services Group Inc. (ATSG) Stock

Air Transport Services Group Inc. (NASDAQ:ATSG) insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $23.37, for a total transaction of $175,275.00. Following the sale, the insider now owns 162,560 shares in the company, valued at approximately $3,799,027.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Air Transport Services Group Inc. (NASDAQ ATSG) opened at $24.74 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. Air Transport Services Group Inc. has a twelve month low of $14.97 and a twelve month high of $26.75. The company has a market cap of $1,425.41, a price-to-earnings ratio of -18.89 and a beta of 1.97.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $254.10 million for the quarter, compared to analyst estimates of $256.13 million. Air Transport Services Group had a negative net margin of 7.77% and a positive return on equity of 16.62%. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. research analysts forecast that Air Transport Services Group Inc. will post 0.86 earnings per share for the current year.

ATSG has been the topic of several research reports. Zacks Investment Research cut shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. ValuEngine lowered shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Cowen set a $27.00 target price on shares of Air Transport Services Group and gave the company a “buy” rating in a report on Friday, October 13th. Stephens reaffirmed an “overweight” rating and set a $29.00 target price (up previously from $27.00) on shares of Air Transport Services Group in a report on Tuesday, November 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.86.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Air Transport Services Group by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock worth $93,562,000 after acquiring an additional 245,120 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Air Transport Services Group by 91.1% in the 3rd quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock worth $53,084,000 after acquiring an additional 1,039,666 shares during the last quarter. State Street Corp grew its holdings in Air Transport Services Group by 7.1% in the 2nd quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after acquiring an additional 66,711 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in Air Transport Services Group by 36.5% in the 3rd quarter. Hodges Capital Management Inc. now owns 908,615 shares of the transportation company’s stock worth $22,116,000 after acquiring an additional 243,022 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Air Transport Services Group by 14.7% in the 2nd quarter. Northern Trust Corp now owns 683,458 shares of the transportation company’s stock worth $14,885,000 after acquiring an additional 87,537 shares during the last quarter. 90.47% of the stock is currently owned by institutional investors and hedge funds.

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About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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