Rothschild & Co. Asset Management US Inc. raised its position in SkyWest, Inc. (NASDAQ:SKYW) by 3.1% in the first quarter, Holdings Channel reports. The fund owned 752,382 shares of the transportation company’s stock after buying an additional 22,706 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in SkyWest were worth $40,847,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund grew its position in SkyWest by 1.5% in the 1st quarter. New York State Common Retirement Fund now owns 80,264 shares of the transportation company’s stock valued at $4,358,000 after buying an additional 1,217 shares during the last quarter. Laurion Capital Management LP purchased a new position in SkyWest in the 1st quarter valued at $437,000. Oregon Public Employees Retirement Fund grew its position in SkyWest by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 20,098 shares of the transportation company’s stock valued at $1,091,000 after buying an additional 363 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of SkyWest by 2.9% during the 1st quarter. Mason Street Advisors LLC now owns 16,583 shares of the transportation company’s stock worth $900,000 after purchasing an additional 467 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of SkyWest by 36.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,133 shares of the transportation company’s stock worth $1,039,000 after purchasing an additional 5,080 shares in the last quarter. Institutional investors own 91.41% of the company’s stock.

In related news, Director Jerry C. Atkin sold 20,000 shares of the business’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $56.04, for a total value of $1,120,800.00. Following the sale, the director now directly owns 697,957 shares in the company, valued at approximately $39,113,510.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jerry C. Atkin sold 32,755 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $61.40, for a total transaction of $2,011,157.00. Following the completion of the sale, the director now owns 698,987 shares in the company, valued at $42,917,801.80. The disclosure for this sale can be found here. Insiders sold a total of 112,255 shares of company stock worth $6,656,357 over the last quarter. Insiders own 3.60% of the company’s stock.

Several equities research analysts have commented on the stock. BidaskClub upgraded shares of SkyWest from a “sell” rating to a “hold” rating in a research report on Tuesday, January 22nd. ValuEngine upgraded shares of SkyWest from a “sell” rating to a “hold” rating in a research report on Saturday, March 30th. Imperial Capital restated an “outperform” rating and set a $69.00 target price (up from $63.00) on shares of SkyWest in a research report on Monday, February 4th. Cowen restated an “outperform” rating and set a $64.00 target price (up from $61.00) on shares of SkyWest in a research report on Friday, February 1st. Finally, Stifel Nicolaus assumed coverage on shares of SkyWest in a research report on Monday, April 15th. They set a “buy” rating and a $68.00 target price on the stock. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.75.

Shares of SkyWest stock traded down $0.53 on Wednesday, hitting $59.87. The company’s stock had a trading volume of 23,941 shares, compared to its average volume of 248,971. SkyWest, Inc. has a 52-week low of $42.38 and a 52-week high of $65.80. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $3.07 billion, a PE ratio of 11.30 and a beta of 1.76.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.15 by $0.18. SkyWest had a net margin of 9.94% and a return on equity of 15.23%. The business had revenue of $723.69 million for the quarter, compared to analyst estimates of $693.32 million. During the same period in the previous year, the firm earned $1.03 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, research analysts expect that SkyWest, Inc. will post 6.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.48 annualized dividend and a dividend yield of 0.80%. SkyWest’s dividend payout ratio is presently 9.06%.

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SkyWest Company Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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