River Road Asset Management LLC Has $148.62 Million Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC lowered its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,439,673 shares of the transportation company’s stock after selling 238,552 shares during the quarter. Air Transport Services Group accounts for about 2.1% of River Road Asset Management LLC’s portfolio, making the stock its 7th largest position. River Road Asset Management LLC owned about 12.93% of Air Transport Services Group worth $148,623,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Air Transport Services Group in the 4th quarter worth about $26,000. Phocas Financial Corp. lifted its holdings in shares of Air Transport Services Group by 1.9% in the 4th quarter. Phocas Financial Corp. now owns 156,250 shares of the transportation company’s stock worth $2,752,000 after acquiring an additional 2,872 shares during the last quarter. Peregrine Capital Management LLC purchased a new position in Air Transport Services Group in the 4th quarter worth about $5,414,000. U S Global Investors Inc. increased its stake in Air Transport Services Group by 38.4% in the 4th quarter. U S Global Investors Inc. now owns 1,982,354 shares of the transportation company’s stock worth $34,909,000 after buying an additional 550,229 shares during the period. Finally, SG Americas Securities LLC increased its stake in Air Transport Services Group by 38.9% in the 4th quarter. SG Americas Securities LLC now owns 21,663 shares of the transportation company’s stock worth $381,000 after buying an additional 6,062 shares during the period. Institutional investors own 91.81% of the company’s stock.

Analysts Set New Price Targets

ATSG has been the topic of several recent analyst reports. Truist Financial raised their price target on shares of Air Transport Services Group from $16.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Susquehanna reduced their price target on shares of Air Transport Services Group from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, StockNews.com downgraded shares of Air Transport Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.33.

Air Transport Services Group Stock Down 0.9 %

NASDAQ ATSG traded down $0.11 during trading on Wednesday, reaching $12.45. 346,022 shares of the company’s stock traded hands, compared to its average volume of 643,986. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.86 and a quick ratio of 0.74. The firm has a market cap of $817.72 million, a price-to-earnings ratio of 16.91 and a beta of 0.85. The company’s 50 day simple moving average is $13.23 and its two-hundred day simple moving average is $15.84. Air Transport Services Group, Inc. has a 12-month low of $11.62 and a 12-month high of $24.96.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings results on Monday, February 26th. The transportation company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.11). Air Transport Services Group had a net margin of 2.91% and a return on equity of 7.93%. The firm had revenue of $517.04 million during the quarter, compared to the consensus estimate of $521.04 million. As a group, sell-side analysts forecast that Air Transport Services Group, Inc. will post 0.73 EPS for the current fiscal year.

Air Transport Services Group Profile

Air Transport Services Group, Inc, together with its subsidiaries, provides aircraft leasing, and air cargo transportation and related services in the United States and internationally. It operates in two segments, Cargo Aircraft Management Inc (CAM) and ACMI Services. The company offers aircraft, flight crews, aircraft hull and liability insurance, and aviation fuel services; and aircraft maintenance and modification services, including airframe modification and heavy maintenance, component repairs, engineering services, and aircraft line maintenance.