Stifel Nicolaus reiterated their hold rating on shares of Air Transport Services Group, Inc (NASDAQ:ATSG) in a report released on Tuesday morning. They currently have a $20.00 target price on the transportation company’s stock.

A number of other analysts also recently issued reports on the stock. Susquehanna Bancshares Inc began coverage on shares of Air Transport Services Group in a research report on Thursday, August 17th. They set a neutral rating and a $22.00 target price for the company. BidaskClub downgraded shares of Air Transport Services Group from a buy rating to a hold rating in a research report on Friday, August 11th. Cowen and Company reissued an outperform rating and set a $27.00 target price (up previously from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Air Transport Services Group from a hold rating to a sell rating in a research report on Wednesday, August 9th. Finally, TheStreet downgraded shares of Air Transport Services Group from a b+ rating to a c+ rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $23.13.

Shares of Air Transport Services Group (NASDAQ ATSG) traded down 1.18% on Tuesday, hitting $23.47. 130,342 shares of the company were exchanged. The company has a 50-day moving average price of $23.12 and a 200 day moving average price of $20.91. The firm’s market cap is $1.39 billion. Air Transport Services Group has a 52-week low of $12.94 and a 52-week high of $25.75.

Air Transport Services Group (NASDAQ:ATSG) last posted its earnings results on Monday, August 7th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $253.21 million during the quarter, compared to the consensus estimate of $235.69 million. Air Transport Services Group had a negative net margin of 4.42% and a positive return on equity of 14.27%. The company’s revenue was up 43.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. Analysts predict that Air Transport Services Group will post $0.86 EPS for the current fiscal year.

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In other Air Transport Services Group news, insider W Joseph Payne sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total value of $122,600.00. Following the completion of the sale, the insider now owns 185,452 shares of the company’s stock, valued at $4,547,283.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Matthew E. Fedders sold 4,102 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $22.24, for a total transaction of $91,228.48. Following the completion of the sale, the vice president now directly owns 24,842 shares of the company’s stock, valued at approximately $552,486.08. The disclosure for this sale can be found here. Insiders sold 17,202 shares of company stock valued at $389,679 in the last ninety days. 2.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of ATSG. FMR LLC grew its position in Air Transport Services Group by 79.2% in the first quarter. FMR LLC now owns 3,135,356 shares of the transportation company’s stock valued at $50,323,000 after acquiring an additional 1,386,101 shares in the last quarter. Victory Capital Management Inc. grew its position in Air Transport Services Group by 16,471.6% in the second quarter. Victory Capital Management Inc. now owns 1,141,285 shares of the transportation company’s stock valued at $24,857,000 after acquiring an additional 1,134,398 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in Air Transport Services Group in the second quarter valued at approximately $14,497,000. Kennedy Capital Management Inc. grew its position in Air Transport Services Group by 167.8% in the first quarter. Kennedy Capital Management Inc. now owns 786,660 shares of the transportation company’s stock valued at $12,626,000 after acquiring an additional 492,946 shares in the last quarter. Finally, Castleark Management LLC acquired a new stake in Air Transport Services Group in the second quarter valued at approximately $8,242,000. 88.07% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Air Transport Services Group (NASDAQ:ATSG)

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