River Road Asset Management LLC Has $116.09 Million Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC lifted its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,170,189 shares of the transportation company’s stock after buying an additional 201,722 shares during the period. Air Transport Services Group comprises 1.5% of River Road Asset Management LLC’s portfolio, making the stock its 15th biggest holding. River Road Asset Management LLC owned approximately 10.91% of Air Transport Services Group worth $116,085,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATSG. Stifel Nicolaus upped their price target on 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. Truist Financial upped their target price on shares of Air Transport Services Group from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, August 12th. Finally, Loop Capital reissued a “hold” rating and set a $22.50 price target (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Air Transport Services Group currently has an average rating of “Hold” and a consensus price target of $19.10.

Air Transport Services Group Price Performance

Air Transport Services Group stock opened at $22.00 on Tuesday. The business’s fifty day moving average is $16.00 and its two-hundred day moving average is $14.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74. The firm has a market cap of $1.45 billion, a P/E ratio of 88.00 and a beta of 0.81. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $22.10.

Air Transport Services Group (NASDAQ:ATSG) last issued its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The business 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 firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities research analysts forecast that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current fiscal 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.