Cetera Trust Company N.A Purchases 1,355 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Cetera Trust Company N.A boosted its holdings in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 14.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,910 shares of the transportation company’s stock after buying an additional 1,355 shares during the period. Cetera Trust Company N.A’s holdings in Air Transport Services Group were worth $177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATSG. Gladius Capital Management LP acquired a new stake in Air Transport Services Group in the 2nd quarter valued at $34,000. Meeder Asset Management Inc. bought a new position in Air Transport Services Group in the 2nd quarter valued at $45,000. CWM LLC boosted its stake in Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company’s stock worth $58,000 after purchasing an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Air Transport Services Group during the second quarter worth $58,000. Finally, Innealta Capital LLC acquired a new stake in shares of Air Transport Services Group in the second quarter valued at $73,000. Institutional investors own 91.81% of the company’s stock.

Air Transport Services Group Trading Down 0.7 %

NASDAQ:ATSG traded down $0.12 on Tuesday, hitting $16.08. 27,922 shares of the stock were exchanged, compared to its average volume of 519,696. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.63 and a beta of 0.82. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74. Air Transport Services Group, Inc. has a 52 week low of $11.62 and a 52 week high of $20.79. The company’s 50-day moving average price is $15.65 and its 200 day moving average price is $14.46.

Air Transport Services Group (NASDAQ:ATSG) last announced its quarterly earnings data on Thursday, August 8th. The transportation company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Air Transport Services Group had a net margin of 0.90% and a return on equity of 4.24%. The business had revenue of $488.41 million for the quarter, compared to analyst estimates of $513.67 million. During the same period in the prior year, the business posted $0.57 earnings per share. Air Transport Services Group’s revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on ATSG. Stifel Nicolaus raised 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. Truist Financial raised their price target on shares of Air Transport Services Group from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.25.

About Air Transport Services Group

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.