Jeffrey J. Vorholt, director of Air Transport Services Group, Inc. (NASDAQ:ATSG), 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 on Wednesday, June 22. The shares were acquired at an average price of $29.29 per share, with a total value of $10,456.53. Following the purchase, the administrator now directly owns 32,300 shares of the company, valued at $946,067. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
Shares of ATSG traded at $1.27 on Friday, hitting $30.39. 2,532 shares were traded, against an average volume of 580,610. Air Transport Services Group, Inc. has a one-year low of $21.42 and a one-year high of $34.54. The company’s 50-day moving average is $30.57 and its two-hundred-day moving average is $29.65. 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 $2.26 billion, a PE ratio of 11.17 and a beta of 0.54.
Air Transport Services Group (NASDAQ:ATSG – Get Rating) last released its results on Thursday, May 5. The transportation company reported EPS of $0.56 for the quarter, beating the consensus estimate of $0.45 by $0.11. Air Transport Services Group achieved a return on equity of 13.30% and a net margin of 12.96%. The company posted revenue of $485.86 million in the quarter, compared to a consensus estimate of $474.93 million. In the same quarter last year, the company achieved EPS of $0.19. The company’s revenue increased by 29.2% compared to the same quarter last year. On average, sell-side analysts expect Air Transport Services Group, Inc. to post earnings per share of 2.05 for the current year.
A number of hedge funds and other institutional investors have recently shifted their ATSG holdings. Rinkey Investments bought a new position in Air Transport Services Group in Q4 worth around $42,000. Catalyst Capital Advisors LLC bought a new stake in shares of Air Transport Services Group in Q1, valued at approximately $45,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Air Transport Services Group in Q4, valued at approximately $140,000. Emerald Advisers LLC purchased a new stake in shares of Air Transport Services Group in Q4, valued at approximately $143,000. Finally, BI Asset Management Fondsmaeglerselskab AS purchased a new stake in Air Transport Services Group shares in Q1 worth approximately $192,000. Institutional investors and hedge funds own 93.34% of the company’s shares.
A number of research analysts have published reports on the company. StockNews.com downgraded Air Transport Services Group from a “buy” rating to a “hold” rating in a Saturday, June 18 research rating. Cowen raised his price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. Truist Financial raised its price target on Air Transport Services Group from $35.00 to $40.00 in a Monday, February 28 research note. Cowen raised his price target on Air Transport Services Group from $31.00 to $40.00 in a Monday, May 9 research note. Finally, 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.
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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