River Road Asset Management LLC Purchases 201,722 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC boosted its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,170,189 shares of the transportation company’s stock after purchasing an additional 201,722 shares during the period. Air Transport Services Group accounts for approximately 1.5% of River Road Asset Management LLC’s portfolio, making the stock its 15th biggest position. River Road Asset Management LLC owned approximately 0.11% of Air Transport Services Group worth $116,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in Air Transport Services Group in the second quarter valued at $34,000. Meeder Asset Management Inc. bought a new position in shares of Air Transport Services Group in the 2nd quarter valued at about $45,000. CWM LLC increased its position in shares of Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 2,480 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Air Transport Services Group during the second quarter worth about $58,000. Finally, Innealta Capital LLC bought a new position in Air Transport Services Group in the second quarter valued at approximately $73,000. 91.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATSG. Truist Financial upped their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Monday, August 12th. Loop Capital reaffirmed a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.10.

Air Transport Services Group Stock Up 26.4 %

ATSG stock opened at $22.00 on Tuesday. The business’s 50 day simple moving average is $16.00 and its 200 day simple moving average is $14.78. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $22.10. The firm has a market capitalization of $1.45 billion, a PE ratio of 88.00 and a beta of 0.81. The company has a current ratio of 0.74, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $488.41 million for the quarter, compared to the consensus estimate of $513.67 million. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 earnings per share. As a group, research analysts anticipate that Air Transport Services Group, Inc. will post 0.84 EPS for the current 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.