River Road Asset Management LLC Has $116.09 Million Stock Position in Air Transport Services Group, Inc. (NASDAQ:ATSG)

River Road Asset Management LLC raised its holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG - Free Report) by 2.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,170,189 shares of the transportation company's stock after acquiring an additional 201,722 shares during the quarter. Air Transport Services Group comprises approximately 1.5% of River Road Asset Management LLC's holdings, making the stock its 15th largest position. River Road Asset Management LLC owned about 10.91% of Air Transport Services Group worth $116,085,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new position in shares of Air Transport Services Group during the 2nd quarter valued at about $34,000. Meeder Asset Management Inc. acquired a new position in Air Transport Services Group during the second quarter valued at approximately $45,000. CWM LLC raised 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 purchasing an additional 2,480 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Air Transport Services Group in the second quarter worth $58,000. Finally, Blue Trust Inc. boosted its holdings 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 worth $79,000 after buying an additional 4,528 shares during the period. 91.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ATSG has been the topic of several recent analyst reports. Loop Capital reiterated a "hold" rating and issued a $22.50 target price (up previously from $22.00) on shares of Air Transport Services Group in a report on Tuesday. Truist Financial boosted their price objective on Air Transport Services Group from $15.00 to $22.50 and gave the stock a "hold" rating in a research report on Tuesday. Finally, Stifel Nicolaus increased their target price 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Air Transport Services Group presently has a consensus rating of "Hold" and a consensus target price of $20.60.

Air Transport Services Group Stock Performance

Shares of ATSG traded up $0.02 during trading hours on Tuesday, reaching $22.02. 3,945,984 shares of the company traded hands, compared to its average volume of 605,548. Air Transport Services Group, Inc. has a 1-year low of $11.62 and a 1-year high of $22.10. The stock has a market cap of $1.45 billion, a P/E ratio of 88.00 and a beta of 0.81. The stock's fifty day moving average is $16.00 and its 200 day moving average is $14.78. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.74.

Air Transport Services Group (NASDAQ:ATSG - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The transportation company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $488.41 million during the quarter, compared to analysts' expectations 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 revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities research analysts anticipate that Air Transport Services Group, Inc. will post 0.84 earnings per share for the current fiscal year.

About Air Transport Services Group

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.