Air Transport Services Group, Inc (NASDAQ:ATSG) insider W Joseph Payne sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $24.20, for a total value of $181,500.00. Following the completion of the transaction, the insider now directly owns 177,952 shares of the company’s stock, valued at $4,306,438.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

W Joseph Payne also recently made the following trade(s):

  • On Tuesday, August 1st, W Joseph Payne sold 5,000 shares of Air Transport Services Group stock. The shares were sold at an average price of $24.52, for a total value of $122,600.00.

Shares of Air Transport Services Group, Inc (ATSG) opened at 24.99 on Thursday. The stock’s market cap is $1.48 billion. Air Transport Services Group, Inc has a 52 week low of $12.94 and a 52 week high of $25.91. The firm has a 50-day moving average price of $23.24 and a 200-day moving average price of $21.71.

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

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A number of brokerages recently issued reports on ATSG. Zacks Investment Research downgraded Air Transport Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 17th. TheStreet downgraded Air Transport Services Group from a “b+” rating to a “c+” rating in a report on Monday, August 7th. BidaskClub raised Air Transport Services Group from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Susquehanna Bancshares Inc began coverage on Air Transport Services Group in a report on Thursday, August 17th. They issued a “neutral” rating and a $22.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price target on shares of Air Transport Services Group in a report on Tuesday, September 12th. One 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 presently has a consensus rating of “Hold” and a consensus target price of $23.13.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its position in shares of Air Transport Services Group by 18.2% in the 1st quarter. Victory Capital Management Inc. now owns 6,887 shares of the transportation company’s stock worth $111,000 after acquiring an additional 1,058 shares in the last quarter. Advisor Group Inc. grew its position in shares of Air Transport Services Group by 21.4% in the 2nd quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after acquiring an additional 1,217 shares in the last quarter. Pacad Investment Ltd. acquired a new position in shares of Air Transport Services Group in the 2nd quarter worth approximately $168,000. First Mercantile Trust Co. acquired a new position in shares of Air Transport Services Group in the 2nd quarter worth approximately $169,000. Finally, SG Americas Securities LLC grew its position in shares of Air Transport Services Group by 17.1% in the 1st quarter. SG Americas Securities LLC now owns 11,196 shares of the transportation company’s stock worth $180,000 after acquiring an additional 1,632 shares in the last quarter. Hedge funds and other institutional investors own 88.07% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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