PNC Financial Services Group Inc. Sells 4,457 Shares of Air Transport Services Group, Inc. (NASDAQ:ATSG)

PNC Financial Services Group Inc. lowered its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 26.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,680 shares of the transportation company’s stock after selling 4,457 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Air Transport Services Group were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ATSG. Quadrature Capital Ltd bought a new position in Air Transport Services Group in the 3rd quarter worth $327,000. GSA Capital Partners LLP grew its position in shares of Air Transport Services Group by 724.6% during the third quarter. GSA Capital Partners LLP now owns 153,954 shares of the transportation company’s stock worth $3,213,000 after purchasing an additional 135,283 shares in the last quarter. American Century Companies Inc. raised its stake in Air Transport Services Group by 12.7% during the 3rd quarter. American Century Companies Inc. now owns 1,155,841 shares of the transportation company’s stock valued at $24,122,000 after purchasing an additional 130,130 shares during the period. Vanguard Group Inc. lifted its holdings in Air Transport Services Group by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,339,788 shares of the transportation company’s stock worth $132,311,000 after purchasing an additional 103,496 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Air Transport Services Group by 38.9% in the 4th quarter. SG Americas Securities LLC now owns 21,663 shares of the transportation company’s stock worth $381,000 after purchasing an additional 6,062 shares during the period. 91.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATSG. TD Cowen boosted their target price on shares of Air Transport Services Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Susquehanna raised their price objective on Air Transport Services Group from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. StockNews.com upgraded Air Transport Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Truist Financial cut their price target on Air Transport Services Group from $20.00 to $14.00 and set a “hold” rating for the company in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Air Transport Services Group presently has a consensus rating of “Moderate Buy” and an average price target of $21.83.

Air Transport Services Group Trading Up 2.8 %

Shares of NASDAQ ATSG opened at $14.12 on Wednesday. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $24.96. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.75 and a quick ratio of 0.63. The business’s 50 day moving average is $13.41 and its two-hundred day moving average is $14.10. The stock has a market capitalization of $927.97 million, a P/E ratio of 22.41 and a beta of 0.84.

Air Transport Services Group (NASDAQ:ATSG) last released its earnings results on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $485.50 million for the quarter, compared to the consensus estimate of $479.77 million. Air Transport Services Group had a return on equity of 6.61% and a net margin of 2.37%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS. As a group, research analysts expect that Air Transport Services Group, Inc. will post 0.73 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.