Insider Buying: Air Transport Services Group, Inc. (NASDAQ:ATSG) Director Buys 357 Shares


Air Transport Services Group, Inc. (NASDAQ:ATSG – Get Rating) Director Jeffrey J. Vorholt acquired 357 shares of Air Transport Services Group in a transaction dated Wednesday, June 22. The stock was purchased at an average price of $29.29 per share, with a total value of $10,456.53. Following the completion of the purchase, the director now directly owns 32,300 shares of the company, valued at $946,067. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Shares of Air Transport Services Group opened at $30.26 on Monday. The company has a market capitalization of $2.25 billion, a P/E ratio of 11.13 and a beta of 0.54. The company has a debt ratio of 0.94, a quick ratio of 0.89 and a current ratio of 1.04. The company has a fifty-day moving average of $30.55 and a 200-day moving average of $29.70. Air Transport Services Group, Inc. has a fifty-two week minimum of $21.42 and a fifty-two week maximum of $34.54.

Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its 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. The company posted revenue of $485.86 million in the quarter, versus a consensus estimate of $474.93 million. Air Transport Services Group achieved a net margin of 12.96% and a return on equity of 13.30%. Airline Services Group quarterly revenue increased 29.2% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $0.19. Analysts expect Air Transport Services Group, Inc. to post EPS of 2.05 for the current year.

Several institutional investors and hedge funds have recently increased or reduced their stake in ATSG. Rinkey Investments bought a new position in shares of Air Transport Services Group during the 4th quarter, valued at approximately $42,000. Catalyst Capital Advisors LLC bought a new position in shares of Air Transport Services Group during Q1 worth approximately $45,000. Allspring Global Investments Holdings LLC bought a new position in shares of Air Transport Services Group during Q4, valued at approximately $140,000. Emerald Advisers LLC purchased a new position in shares of Air Transport Services Group during Q4, valued at approximately $143,000. Finally, BI Asset Management Fondsmaeglerselskab AS bought a new position in shares of Air Transport Services Group during the 1st quarter with a value of approximately $192,000. 93.34% of the shares are held by institutional investors and hedge funds.

Several equity research analysts have recently commented on ATSG shares. Cowen raised its price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. Stephens raised his price target on Air Transport Services Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a Wednesday, March 2 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 report. Cowen raised his price target on shares of Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 report. Finally, StockNews.com downgraded shares of Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 report.

Airline Services Group Company Profile (Get an assessment)

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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Insider buying and selling by quarter for Air Transport Services Group (NASDAQ:ATSG)



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