A Director at Air Transport Services (NASDAQ: ATSG) is Selling Shares

By Carrie Williams

Today, a Director at Air Transport Services (NASDAQ: ATSG), Jeffrey Vorholt, sold shares of ATSG for $128.8K.

Following Jeffrey Vorholt’s last ATSG Sell transaction on May 12, 2015, the stock climbed by 5.9%. In addition to Jeffrey Vorholt, one other ATSG executive reported Sell trades in the last month.

Based on Air Transport Services’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $193 million and quarterly net profit of $2.16 million. In comparison, last year the company earned revenue of $142 million and had a net profit of $6.56 million. The company has a one year high of $16.50 and a one year low of $8.67. ATSG’s market cap is $976.8M and the company has a P/E ratio of 31.52.

The insider sentiment on Air Transport Services has been neutral according to 37 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

Air Transport Services Group, Inc. provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. The company operates through two segments: ACMI Services and CAM. The ACMI Services segment includes the cargo transportation operations of its three airlines. The CAM segment consists of the company’s aircraft leasing operations and its segment earnings includes an allocation of interest expense based on aircraft values. Its other business operations, which primarily provide support services to the transportation industry include aircraft maintenance; aircraft part sales, ground equipment leasing and mail handling services. The company was founded on April 16, 1980 and is headquartered in Wilmington, OH.