Air Transport Services Group (NASDAQ:ATSG) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities research analysts have also commented on ATSG. TheStreet lowered Air Transport Services Group from a “b+” rating to a “c+” rating in a research report on Monday, August 7th. Cowen reissued an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of Air Transport Services Group in a research report on Thursday, August 10th. BidaskClub lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 target price on shares of Air Transport Services Group in a research report on Friday, August 4th. Finally, Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.86.

Air Transport Services Group (NASDAQ ATSG) traded up $0.04 during midday trading on Friday, reaching $24.29. The company had a trading volume of 438,250 shares, compared to its average volume of 428,478. The stock has a market cap of $1,440.00, a price-to-earnings ratio of 29.67 and a beta of 2.00. Air Transport Services Group has a twelve month low of $14.97 and a twelve month high of $26.75. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.97 and a quick ratio of 0.87.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $254.10 million during the quarter, compared to analyst estimates of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. Air Transport Services Group’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. research analysts anticipate that Air Transport Services Group will post 0.86 EPS for the current fiscal year.

In other news, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.20, for a total transaction of $181,500.00. Following the completion of the sale, the insider now directly owns 177,952 shares of the company’s stock, valued at approximately $4,306,438.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph Edward Roux sold 10,012 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $23.61, for a total value of $236,383.32. Following the sale, the director now directly owns 27,862 shares of the company’s stock, valued at $657,821.82. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in ATSG. Vanguard Group Inc. grew its stake in shares of Air Transport Services Group by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,295,754 shares of the transportation company’s stock worth $93,562,000 after acquiring an additional 245,120 shares during the period. Victory Capital Management Inc. grew its stake in shares of Air Transport Services Group by 91.1% during the 3rd quarter. Victory Capital Management Inc. now owns 2,180,951 shares of the transportation company’s stock worth $53,084,000 after acquiring an additional 1,039,666 shares during the period. State Street Corp grew its stake in shares of Air Transport Services Group by 7.1% during the 2nd quarter. State Street Corp now owns 1,000,779 shares of the transportation company’s stock worth $21,794,000 after acquiring an additional 66,711 shares during the period. Hodges Capital Management Inc. grew its stake in shares of Air Transport Services Group by 36.5% during the 3rd quarter. Hodges Capital Management Inc. now owns 908,615 shares of the transportation company’s stock worth $22,116,000 after acquiring an additional 243,022 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Air Transport Services Group by 14.7% during the 2nd quarter. Northern Trust Corp now owns 683,458 shares of the transportation company’s stock worth $14,885,000 after acquiring an additional 87,537 shares during the period. 90.47% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This story was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.watchlistnews.com/air-transport-services-group-atsg-lowered-to-hold-at-valuengine/1738074.html.

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)

Receive News & Ratings for Air Transport Services Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Transport Services Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.