Zacks Investment Research upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “

A number of other equities analysts have also issued reports on the company. Stifel Nicolaus raised Atlas Air Worldwide from a hold rating to a buy rating and set a $69.00 price target for the company in a research note on Tuesday, November 7th. ValuEngine lowered Atlas Air Worldwide from a strong-buy rating to a buy rating in a research note on Tuesday, November 14th. Cowen reaffirmed a hold rating on shares of Atlas Air Worldwide in a research note on Thursday, October 12th. Finally, BidaskClub raised Atlas Air Worldwide from a strong sell rating to a sell rating in a research note on Thursday, December 21st. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $70.33.

Shares of Atlas Air Worldwide (AAWW) opened at $61.35 on Tuesday. Atlas Air Worldwide has a 1 year low of $45.45 and a 1 year high of $68.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market capitalization of $1,550.00, a P/E ratio of 37.41 and a beta of 1.38.

Atlas Air Worldwide (NASDAQ:AAWW) last posted its earnings results on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.05). Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The business had revenue of $535.70 million during the quarter, compared to analyst estimates of $521.29 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue was up 19.6% compared to the same quarter last year. equities analysts anticipate that Atlas Air Worldwide will post 4.58 earnings per share for the current year.

In other news, CFO Spencer Schwartz sold 4,027 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $59.75, for a total transaction of $240,613.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $63.64, for a total value of $318,200.00. Following the sale, the chief executive officer now directly owns 176,958 shares of the company’s stock, valued at $11,261,607.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,222 shares of company stock valued at $1,491,498. Corporate insiders own 2.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AAWW. Schwab Charles Investment Management Inc. boosted its stake in shares of Atlas Air Worldwide by 7.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 201,083 shares of the transportation company’s stock worth $10,487,000 after acquiring an additional 13,345 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Atlas Air Worldwide by 9.6% during the 2nd quarter. Legal & General Group Plc now owns 45,371 shares of the transportation company’s stock worth $2,366,000 after acquiring an additional 3,978 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Atlas Air Worldwide by 0.6% during the 2nd quarter. Principal Financial Group Inc. now owns 192,153 shares of the transportation company’s stock worth $10,021,000 after acquiring an additional 1,168 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Atlas Air Worldwide during the 2nd quarter worth $348,000. Finally, Elk Creek Partners LLC boosted its stake in shares of Atlas Air Worldwide by 16.3% during the 2nd quarter. Elk Creek Partners LLC now owns 197,515 shares of the transportation company’s stock worth $10,300,000 after acquiring an additional 27,646 shares in the last quarter. 96.40% of the stock is owned by institutional investors and hedge funds.

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Atlas Air Worldwide Company Profile

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

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