Air Transport Services Group, Inc. (NASDAQ:ATSG) VP Sells $14,130.74 in Stock
Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) Vice Chairman Edward Russell Smethwick sold 442 shares of the company in a trade that took place Friday, April 29. The shares were sold at an average price of $31.97, for a total value of $14,130.74. Following the completion of the sale, the vice president now directly owns 21,945 shares of the company, valued at approximately $701,581.65. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink.
Shares of ATSG opened at $31.66 on Tuesday. The stock has a 50-day moving average of $31.41 and a two-hundred-day moving average of $28.62. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt ratio of 0.98. Air Transport Services Group, Inc. has a 12-month low of $21.42 and a 12-month high of $34.54. The company has a market capitalization of $2.35 billion, a P/E ratio of 11.99 and a beta of 0.52.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last reported quarterly earnings data on Thursday, February 24. The transportation company reported EPS of $0.52 for the quarter. Air Transport Services Group achieved a return on equity of 11.57% and a net margin of 13.34%. The company had revenue of $482.37 million in the quarter. Sell-side analysts expect Air Transport Services Group, Inc. to post earnings per share of 1.98 for the current fiscal year.
Several hedge funds and other institutional investors have recently changed their holdings in the company. Rinkey Investments acquired a new stake in shares of Air Transport Services Group in Q4 worth $42,000. Zullo Investment Group Inc. purchased a new stake in shares of Air Transport Services Group in Q4 for a value of approximately $88,000. The Public Employees Retirement System of Ohio increased its holdings of Air Transport Services Group shares by 12.9% in 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. Allspring Global Investments Holdings LLC purchased a new stake in shares of Air Transport Services Group in Q4 for a value of approximately $140,000. Finally, Emerald Advisers LLC purchased a new stake in shares of Air Transport Services Group in Q4 for a value of approximately $143,000. 93.34% of the shares are held by institutional investors.
A number of research companies have published reports on ATSG. Stephens raised its price target on Air Transport Services Group from $34.00 to $40.00 and gave the company an “overweight” rating in a Wednesday, March 2 report. StockNews.com picked up coverage of the airline services group in a Thursday, March 31 report. They issued a “holding” rating on the stock. Finally, Truist Financial raised its price target on Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 research report.
Airline Services Group Company Profile (Get an evaluation)
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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