Air Transport Services Group, Inc. (NASDAQ:ATSG) Vice Chairman Edward Russell Smethwick sells 441 shares


Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) Vice Chairman Edward Russell Smethwick sold 441 shares of the company in a trade on Wednesday, June 1. The shares were sold at an average price of $30.43, for a total transaction of $13,419.63. Following the sale, the vice president now owns 21,504 shares of the company, valued at approximately $654,366.72. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink.

Edward Russell Smethwick also recently made the following trade(s):

  • On Friday April 29, Edward Russell Smethwick sold 442 shares of Air Transport Services Group. The stock was sold at an average price of $31.97, for a total value of $14,130.74.

The NASDAQ ATSG opened at $30.28 on Thursday. The company has a 50-day simple moving average of $31.00 and a 200-day simple moving average of $29.31. Air Transport Services Group, Inc. has a 52-week low of $21.42 and a 52-week high of $34.54. The company has a debt ratio of 0.94, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a market capitalization of $2.25 billion, a price-earnings ratio of 11.13 and a beta of 0.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its quarterly results on Thursday, May 5. The transportation company reported earnings per share of $0.56 for the quarter, beating the consensus estimate of $0.45 by $0.11. Air Transport Services Group achieved a net margin of 12.96% and a return on equity of 13.30%. The company posted revenue of $485.86 million in the quarter, compared to $474.93 million expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $0.19. The company’s quarterly revenue increased by 29.2% compared to the same quarter last year. On average, analysts predict that Air Transport Services Group, Inc. will post EPS of 1.98 for the current year.

A number of stock analysts have published reports on the company. Cowen raised its target price on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 report. Stephens raised his price target on shares of Air Transport Services Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a Wednesday, March 2 research note. Cowen raised his price target on shares of Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. Truist Financial raised its price target on shares of Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 research report. Finally, StockNews.com upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a Thursday, May 12 report.

Several hedge funds have recently changed their positions in ATSG. Catalyst Capital Advisors LLC acquired a new stake in Air Transport Services Group in Q1 valued at $45,000. Rinkey Investments acquired a new position in Air Transport Services Group during the fourth quarter worth approximately $42,000. Zullo Investment Group Inc. acquired a new position in Air Transport Services Group in the fourth quarter worth approximately $88,000. The Public Employees Retirement System of Ohio increased its position in shares of Air Transport Services Group by 12.9% during the fourth quarter. The Ohio Public Employees Retirement System now owns 3,813 shares of the transportation company worth $112,000 after buying 435 additional shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Air Transport Services Group during Q4 for a value of approximately $140,000. 93.34% of the shares are currently held by institutional investors and hedge funds.

About Airline Services Group (Get a rating)

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing and air cargo transportation and related services in the United States and abroad. The Company offers aircraft, flight crew, aircraft maintenance, aircraft hull and liability and aviation fuel insurance; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services and aircraft line maintenance.

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