Dean Investment Associates LLC Raises Stock Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Dean Investment Associates LLC grew its stake in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 39.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 173,559 shares of the transportation company's stock after buying an additional 49,437 shares during the quarter. Dean Investment Associates LLC owned 0.26% of Air Transport Services Group worth $2,810,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ATSG. Gladius Capital Management LP acquired a new stake in shares of Air Transport Services Group during the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. acquired a new stake in Air Transport Services Group in the second quarter valued at approximately $45,000. CWM LLC increased its position in shares of Air Transport Services Group by 144.4% in the second quarter. CWM LLC now owns 4,197 shares of the transportation company's stock valued at $58,000 after buying an additional 2,480 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Air Transport Services Group during the 2nd quarter worth approximately $58,000. Finally, Blue Trust Inc. lifted its position in shares of Air Transport Services Group by 1,320.1% during the 3rd quarter. Blue Trust Inc. now owns 4,871 shares of the transportation company's stock valued at $79,000 after buying an additional 4,528 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ATSG. Truist Financial upped their price objective on shares of Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. StockNews.com started coverage on Air Transport Services Group in a report on Saturday. They issued a "hold" rating on the stock. Loop Capital reiterated a "hold" rating and set a $22.50 price objective (up from $22.00) on shares of Air Transport Services Group in a research note on Tuesday, November 5th. Finally, Stifel Nicolaus raised their target price on 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.60.

Air Transport Services Group Price Performance

NASDAQ ATSG traded up $0.25 during trading hours on Monday, hitting $22.23. 2,027,340 shares of the company's stock traded hands, compared to its average volume of 654,666. The company has a market capitalization of $1.46 billion, a PE ratio of -555.61 and a beta of 0.85. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.81 and a quick ratio of 0.68. Air Transport Services Group, Inc. has a 52-week low of $11.62 and a 52-week high of $22.33. The firm's 50-day moving average is $19.19 and its 200-day moving average is $16.25.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Air Transport Services Group had a positive return on equity of 3.12% and a negative net margin of 0.12%. The company had revenue of $471.00 million for the quarter, compared to analysts' expectations of $507.46 million. During the same quarter in the previous year, the business posted $0.32 EPS. The business's quarterly revenue was down 10.0% compared to the same quarter last year. Equities analysts forecast that Air Transport Services Group, Inc. will post 0.81 EPS for the current fiscal year.

Air Transport Services Group Company 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.