Diversified Trust Co Takes $460,000 Position in SkyWest, Inc. (NASDAQ:SKYW)

Diversified Trust Co acquired a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,597 shares of the transportation company’s stock, valued at approximately $460,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SKYW. Pitcairn Co. purchased a new position in SkyWest in the 3rd quarter worth approximately $535,000. Cornercap Investment Counsel Inc. bought a new position in SkyWest in the second quarter valued at $1,044,000. Acadian Asset Management LLC purchased a new stake in SkyWest during the second quarter valued at about $520,000. Summit Global Investments bought a new stake in SkyWest during the third quarter worth about $539,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of SkyWest by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock worth $30,396,000 after purchasing an additional 11,169 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

SkyWest Stock Performance

NASDAQ:SKYW opened at $111.08 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.86. SkyWest, Inc. has a fifty-two week low of $48.28 and a fifty-two week high of $117.51. The firm has a market cap of $4.48 billion, a PE ratio of 18.99 and a beta of 1.98. The business has a 50 day moving average price of $108.06 and a 200-day moving average price of $91.07.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The business had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. During the same quarter in the prior year, the company posted $0.55 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. Equities research analysts predict that SkyWest, Inc. will post 7.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SKYW shares. TD Cowen raised their price objective on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Finally, Raymond James lifted their target price on shares of SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.25.

Insider Transactions at SkyWest

In related news, CEO Russell A. Childs sold 27,903 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total value of $3,110,347.41. Following the completion of the sale, the chief executive officer now owns 349,548 shares of the company’s stock, valued at $38,964,115.56. This trade represents a 7.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ronald J. Mittelstaedt sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $112.06, for a total transaction of $2,801,500.00. Following the transaction, the director now directly owns 11,283 shares in the company, valued at approximately $1,264,372.98. The trade was a 68.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,467 shares of company stock worth $10,082,596. Company insiders own 2.00% of the company’s stock.

SkyWest Company Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.