Franklin Resources Inc. Has $434,000 Holdings in Air Transport Services Group, Inc. (NASDAQ:ATSG)

Franklin Resources Inc. grew its position in Air Transport Services Group, Inc. (NASDAQ:ATSG) by 31.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,645 shares of the transportation company’s stock after purchasing an additional 6,334 shares during the quarter. Franklin Resources Inc.’s holdings in Air Transport Services Group were worth $434,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. River Road Asset Management LLC boosted its position in shares of Air Transport Services Group by 2.9% in the third quarter. River Road Asset Management LLC now owns 7,170,189 shares of the transportation company’s stock valued at $116,085,000 after acquiring an additional 201,722 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Air Transport Services Group by 14.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,964,670 shares of the transportation company’s stock valued at $41,120,000 after purchasing an additional 380,958 shares during the period. American Century Companies Inc. grew its position in shares of Air Transport Services Group by 14.8% during the 2nd quarter. American Century Companies Inc. now owns 1,864,063 shares of the transportation company’s stock worth $25,855,000 after purchasing an additional 239,919 shares in the last quarter. State Street Corp increased its holdings in shares of Air Transport Services Group by 1.1% during the third quarter. State Street Corp now owns 1,258,673 shares of the transportation company’s stock worth $20,378,000 after purchasing an additional 13,880 shares during the period. Finally, Anchor Capital Management Company LLC raised its position in shares of Air Transport Services Group by 26.4% in the second quarter. Anchor Capital Management Company LLC now owns 1,119,942 shares of the transportation company’s stock valued at $15,534,000 after buying an additional 233,789 shares in the last quarter. Institutional investors own 91.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ATSG has been the topic of a number of analyst reports. Truist Financial increased their price target on 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. Loop Capital reissued a “hold” rating and set a $22.50 target price (up from $22.00) on shares of Air Transport Services Group in a report on Tuesday, November 5th. Finally, StockNews.com began coverage on Air Transport Services Group in a research note on Tuesday. They issued a “hold” rating for the company. 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 presently has an average rating of “Hold” and an average price target of $20.60.

Air Transport Services Group Trading Up 0.0 %

Shares of ATSG stock opened at $21.98 on Wednesday. Air Transport Services Group, Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $22.33. The stock’s fifty day moving average price is $21.18 and its two-hundred day moving average price is $17.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.68 and a current ratio of 0.81. The company has a market cap of $1.45 billion, a PE ratio of -549.36 and a beta of 0.85.

Air Transport Services Group (NASDAQ:ATSG) last released its quarterly earnings data on Friday, November 8th. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $471.00 million during the quarter, compared to analyst estimates of $507.46 million. Air Transport Services Group had a negative net margin of 0.12% and a positive return on equity of 3.12%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.32 earnings per share. Equities analysts predict that Air Transport Services Group, Inc. will post 0.81 EPS 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.