Air Transport Services Group, Inc (NASDAQ:ATSG) insider W Joseph Payne sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the transaction, the insider now directly owns 185,452 shares of the company’s stock, valued at approximately $4,547,283.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Air Transport Services Group, Inc (ATSG) traded up 0.81% during midday trading on Friday, hitting $24.91. The stock had a trading volume of 281,782 shares. The firm’s 50-day moving average price is $22.89 and its 200-day moving average price is $19.51. The firm has a market capitalization of $1.48 billion, a PE ratio of 67.69 and a beta of 2.01. Air Transport Services Group, Inc has a one year low of $12.94 and a one year high of $25.28.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Air Transport Services Group had a return on equity of 11.82% and a net margin of 3.05%. The business had revenue of $237.92 million during the quarter, compared to analysts’ expectations of $214.09 million. On average, equities analysts predict that Air Transport Services Group, Inc will post $0.96 EPS for the current year.

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Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of Air Transport Services Group by 18.2% in the first quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after buying an additional 1,058 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Air Transport Services Group during the second quarter worth approximately $169,000. Envestnet Asset Management Inc. boosted its stake in shares of Air Transport Services Group by 87.5% in the first quarter. Envestnet Asset Management Inc. now owns 11,136 shares of the transportation company’s stock worth $180,000 after buying an additional 5,196 shares during the period. SG Americas Securities LLC boosted its stake in shares of Air Transport Services Group by 17.1% in the first quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after buying an additional 1,632 shares during the period. Finally, Globeflex Capital L P boosted its stake in shares of Air Transport Services Group by 17,878.8% in the first quarter. Globeflex Capital L P now owns 11,866 shares of the transportation company’s stock worth $190,000 after buying an additional 11,800 shares during the period. 86.27% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on ATSG shares. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Cowen and Company raised their target price on Air Transport Services Group from $19.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday, May 5th. Imperial Capital upped their target price on Air Transport Services Group from $18.00 to $23.00 and gave the company an “in-line” rating in a report on Monday, May 15th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Finally, Sidoti reaffirmed a “buy” rating and set a $26.00 target price (up from $23.00) on shares of Air Transport Services Group in a report on Sunday, May 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Air Transport Services Group currently has a consensus rating of “Buy” and a consensus price target of $23.50.

Air Transport Services Group Company Profile

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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