Air Transport Services Group Inc. (ATSG) Director Robert K. Coretz Purchases 25,000 Shares

Air Transport Services Group Inc. (NASDAQ:ATSG) Director Robert K. Coretz acquired 25,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $21.75 per share, with a total value of $543,750.00. Following the acquisition, the director now directly owns 125,000 shares of the company’s stock, valued at approximately $2,718,750. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Air Transport Services Group stock traded down $0.07 during trading hours on Tuesday, hitting $22.12. The company’s stock had a trading volume of 212,723 shares, compared to its average volume of 454,408. Air Transport Services Group Inc. has a 12 month low of $17.06 and a 12 month high of $25.82. The company has a market capitalization of $1.35 billion, a P/E ratio of 17.70 and a beta of 0.94. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.13 and a quick ratio of 0.98.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. Air Transport Services Group had a return on equity of 20.21% and a net margin of 7.33%. The company had revenue of $348.18 million during the quarter, compared to the consensus estimate of $306.01 million. On average, equities analysts anticipate that Air Transport Services Group Inc. will post 1.27 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in ATSG. TCW Group Inc. increased its holdings in Air Transport Services Group by 4.9% during the 1st quarter. TCW Group Inc. now owns 552,718 shares of the transportation company’s stock worth $12,740,000 after purchasing an additional 25,696 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Air Transport Services Group by 7.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 38,307 shares of the transportation company’s stock worth $883,000 after purchasing an additional 2,708 shares in the last quarter. Northern Trust Corp increased its holdings in Air Transport Services Group by 0.7% during the 1st quarter. Northern Trust Corp now owns 753,065 shares of the transportation company’s stock worth $17,358,000 after purchasing an additional 5,010 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in Air Transport Services Group by 33.6% in the first quarter. State of Wisconsin Investment Board now owns 360,650 shares of the transportation company’s stock valued at $8,313,000 after purchasing an additional 90,650 shares during the last quarter. Finally, Bluestein R H & Co. purchased a new position in Air Transport Services Group in the first quarter valued at approximately $231,000. Institutional investors own 88.13% of the company’s stock.

A number of equities research analysts recently commented on the company. Imperial Capital reiterated an “outperform” rating and issued a $31.00 price objective (up previously from $28.00) on shares of Air Transport Services Group in a report on Thursday, May 9th. BidaskClub downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Zacks Investment Research upgraded Air Transport Services Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 2nd. Susquehanna Bancshares upgraded Air Transport Services Group from a “neutral” rating to a “positive” rating and increased their price target for the stock from $21.00 to $30.00 in a report on Friday, February 8th. Finally, ValuEngine downgraded Air Transport Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Air Transport Services Group presently has an average rating of “Hold” and an average target price of $28.33.

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Air Transport Services Group Company Profile

Air Transport Services Group, Inc, through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements.

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