Stifel Nicolaus reiterated their hold rating on shares of Air Transport Services Group, Inc (NASDAQ:ATSG) in a research note published on Tuesday morning. The firm currently has a $20.00 price objective on the transportation company’s stock.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Air Transport Services Group from a strong-buy rating to a hold rating in a research note on Monday, July 17th. Imperial Capital raised their target price on shares of Air Transport Services Group from $18.00 to $23.00 and gave the stock an in-line rating in a research note on Monday, May 15th. BidaskClub raised shares of Air Transport Services Group from a hold rating to a buy rating in a research note on Saturday, July 8th. Cowen and Company reissued an outperform rating on shares of Air Transport Services Group in a research note on Monday, May 15th. Finally, Susquehanna Bancshares Inc initiated coverage on shares of Air Transport Services Group in a research note on Thursday, August 17th. They issued a neutral rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $23.13.

Shares of Air Transport Services Group (NASDAQ:ATSG) opened at 23.54 on Tuesday. The stock’s market capitalization is $1.39 billion. Air Transport Services Group has a 12 month low of $12.94 and a 12 month high of $25.75. The firm’s 50-day moving average price is $23.10 and its 200-day moving average price is $20.96.

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

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In other news, VP Matthew E. Fedders sold 4,102 shares of Air Transport Services Group 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 sale, the vice president now owns 24,842 shares of the company’s stock, valued at approximately $552,486.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider W Joseph Payne sold 5,000 shares of Air Transport Services Group stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $24.52, for a total transaction of $122,600.00. Following the sale, the insider now directly owns 185,452 shares in the company, valued at approximately $4,547,283.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,202 shares of company stock worth $389,679. Corporate insiders own 2.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in ATSG. Victory Capital Management Inc. raised its position in shares of Air Transport Services Group by 18.2% during the 1st quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock valued at $111,000 after buying an additional 1,058 shares during the period. Advisor Group Inc. raised its position in Air Transport Services Group by 21.4% in the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 1,217 shares during the period. Pacad Investment Ltd. purchased a new stake in Air Transport Services Group in the second quarter valued at approximately $168,000. First Mercantile Trust Co. purchased a new stake in Air Transport Services Group in the second quarter valued at approximately $169,000. Finally, SG Americas Securities LLC raised its position in 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 valued at $180,000 after purchasing an additional 1,632 shares during the period. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

About Air Transport Services Group

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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