Bank of New York Mellon Corp Has $15.42 Million Holdings in Air Transport Services Group, Inc (ATSG)

Bank of New York Mellon Corp increased its holdings in shares of Air Transport Services Group, Inc (NASDAQ:ATSG) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 633,547 shares of the transportation company’s stock after purchasing an additional 54,606 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.07% of Air Transport Services Group worth $15,421,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Advisor Group Inc. grew its position in shares of Air Transport Services Group by 21.4% during the second quarter. Advisor Group Inc. now owns 6,895 shares of the transportation company’s stock worth $150,000 after purchasing an additional 1,217 shares in the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Air Transport Services Group during the second quarter worth about $168,000. First Mercantile Trust Co. purchased a new stake in shares of Air Transport Services Group during the second quarter worth about $169,000. Prudential Financial Inc. bought a new position in Air Transport Services Group during the third quarter valued at approximately $262,000. Finally, Bayesian Capital Management LP bought a new position in Air Transport Services Group during the second quarter valued at approximately $263,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

A number of equities analysts recently commented on the company. ValuEngine lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 price objective on shares of Air Transport Services Group in a research note on Tuesday, September 12th. BidaskClub lowered Air Transport Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Cowen set a $27.00 price target on Air Transport Services Group and gave the stock a “buy” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Air Transport Services Group currently has an average rating of “Hold” and a consensus target price of $24.86.

In other Air Transport Services Group news, insider W Joseph Payne sold 7,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $24.20, for a total transaction of $181,500.00. Following the transaction, the insider now directly owns 177,952 shares in the company, valued at approximately $4,306,438.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Edward Roux sold 10,012 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $23.61, for a total value of $236,383.32. Following the transaction, the director now owns 27,862 shares in the company, valued at $657,821.82. The disclosure for this sale can be found here. Insiders have sold a total of 25,012 shares of company stock worth $597,748 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

Shares of Air Transport Services Group, Inc (ATSG) opened at $23.56 on Wednesday. Air Transport Services Group, Inc has a one year low of $14.97 and a one year high of $26.75. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $1,424.23, a P/E ratio of 30.49 and a beta of 1.96.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $254.10 million for the quarter, compared to the consensus estimate of $256.13 million. Air Transport Services Group had a positive return on equity of 16.62% and a negative net margin of 7.77%. Air Transport Services Group’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. analysts anticipate that Air Transport Services Group, Inc will post 0.86 earnings per share for the current fiscal year.

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About Air Transport Services Group

Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. It offers aircraft, crew, maintenance and insurance (ACMI) for specified cargo operations.

Institutional Ownership by Quarter for Air Transport Services Group (NASDAQ:ATSG)

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