Pullen Investment Management LLC Buys 3,155 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

Pullen Investment Management LLC increased its stake in shares of Air Transport Services Group, Inc. (NASDAQ:ATSG) by 17.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,458 shares of the transportation company’s stock after purchasing an additional 3,155 shares during the quarter. Pullen Investment Management LLC’s holdings in Air Transport Services Group were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Air Transport Services Group by 14.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after buying an additional 380,958 shares during the period. American Century Companies Inc. lifted its stake in shares of Air Transport Services Group by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock valued at $25,855,000 after purchasing an additional 239,919 shares during the period. Anchor Capital Management Company LLC lifted its stake in shares of Air Transport Services Group by 26.4% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after purchasing an additional 233,789 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of Air Transport Services Group by 82.3% in the 1st quarter. First Eagle Investment Management LLC now owns 487,930 shares of the transportation company’s stock valued at $6,714,000 after purchasing an additional 220,300 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Air Transport Services Group by 300.8% in the 2nd quarter. Marshall Wace LLP now owns 253,425 shares of the transportation company’s stock valued at $3,515,000 after purchasing an additional 190,202 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

ATSG has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on Air Transport Services Group from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Truist Financial raised 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Air Transport Services Group currently has an average rating of “Hold” and a consensus price target of $18.25.

Air Transport Services Group Stock Performance

ATSG opened at $16.66 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 26.44 and a beta of 0.82. The business’s 50-day moving average price is $15.72 and its two-hundred day moving average price is $14.54. Air Transport Services Group, Inc. has a 1 year low of $11.62 and a 1 year high of $20.79. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.74 and a quick ratio of 0.62.

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