29,710 Shares in Air Transport Services Group, Inc. (NASDAQ:ATSG) Purchased by First Hawaiian Bank

First Hawaiian Bank acquired a new stake in Air Transport Services Group, Inc. (NASDAQ:ATSG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,710 shares of the transportation company’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Air Transport Services Group during the 4th quarter worth about $26,000. CWM LLC lifted its position in Air Transport Services Group by 53.9% during the fourth quarter. CWM LLC now owns 2,191 shares of the transportation company’s stock worth $39,000 after acquiring an additional 767 shares during the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Air Transport Services Group by 64,275.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,575 shares of the transportation company’s stock worth $450,000 after acquiring an additional 2,571 shares during the period. Cetera Trust Company N.A acquired a new position in shares of Air Transport Services Group in the fourth quarter valued at approximately $90,000. Finally, Covestor Ltd lifted its holdings in Air Transport Services Group by 59.0% during the 1st quarter. Covestor Ltd now owns 8,234 shares of the transportation company’s stock worth $113,000 after purchasing an additional 3,054 shares during the last quarter. 91.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial dropped their target price 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. TD Cowen raised 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 increased their price target on Air Transport Services Group from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Finally, StockNews.com raised shares of Air Transport Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Air Transport Services Group presently has an average rating of “Moderate Buy” and an average target price of $21.83.

Air Transport Services Group Trading Down 1.5 %

ATSG stock traded down $0.21 during trading on Tuesday, hitting $13.87. The company had a trading volume of 237,510 shares, compared to its average volume of 544,926. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 1.20. Air Transport Services Group, Inc. has a one year low of $11.62 and a one year high of $24.09. The business has a 50-day moving average of $14.03 and a 200-day moving average of $13.84. The stock has a market cap of $911.54 million, a PE ratio of 22.35 and a beta of 0.84.

Air Transport Services Group (NASDAQ:ATSG) last posted its quarterly earnings data on Monday, May 6th. The transportation company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Air Transport Services Group had a return on equity of 6.61% and a net margin of 2.37%. The firm had revenue of $485.50 million during the quarter, compared to analyst estimates of $479.77 million. During the same period last year, the company posted $0.36 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Research analysts predict that Air Transport Services Group, Inc. will post 0.75 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.