Insider Sale: Air Transport Services Group, Inc. (NASDAQ:ATSG) VP 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 that took place on Wednesday, June 1. The shares were sold at an average price of $30.43, for a total value of $13,419.63. Following the sale, the vice president now owns 21,504 shares of the company, valued at $654,366.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.

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 transaction of $14,130.74.

The NASDAQ ATSG opened at $30.28 on Thursday. Air Transport Services Group, Inc. has a 1-year low of $21.42 and a 1-year high of $34.54. The company has a 50-day moving average of $31.00 and a 200-day moving average of $29.31. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt ratio of 0.94. The company has a market capitalization of $2.25 billion, a price-earnings ratio of 11.13 and a beta of 0.54.

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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 consensus analyst estimates of $0.45 by $0.11. The company posted revenue of $485.86 million in the quarter, compared to $474.93 million expected by analysts. Air Transport Services Group achieved a return on equity of 13.30% and a net margin of 12.96%. The company’s revenue increased 29.2% year over year. During the same period last year, the company posted EPS of $0.19. On average, analysts expect Air Transport Services Group, Inc. to post earnings per share of 1.98 for the current year.

A number of stock analysts have recently commented on ATSG shares. Cowen raised its price target on shares of Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 report. StockNews.com upgraded shares of Air Transport Services Group from a “hold” rating to a “buy” rating in a Thursday, May 12 research note. 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 its 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 report. 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.

A number of hedge funds and other institutional investors have recently changed their stock holdings. Rinkey Investments acquired a new stake in Air Transport Services Group in Q4 valued at approximately $42,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Air Transport Services Group in the first quarter worth approximately $45,000. Zullo Investment Group Inc. acquired a new position in Air Transport Services Group in Q4 for a value of approximately $88,000. The Public Employees Retirement System of Ohio increased its stake in 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 more shares last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Air Transport Services Group in Q4 worth $140,000. Institutional investors and hedge funds hold 93.34% of the company’s shares.

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

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