Atlas Air Worldwide (NASDAQ:AAWW) upgraded on StockNews.com

Atlas Air Worldwide (NASDAQ:AAWW – Get Note) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report released Saturday.

Separately, Zacks Investment Research downgraded shares of Atlas Air Worldwide from a “strong buy” rating to a “hold” rating in a Monday, February 21 report. One equity research analyst gave the stock a hold rating and three gave the company a buy rating. According to data from MarketBeat, the stock currently has a consensus buy rating and a consensus target price of $93.00.

NASDAQ: AAWW opened at $82.36 on Friday. Atlas Air Worldwide has a 1-year low of $53.36 and a 1-year high of $97.13. The company has a 50-day moving average of $82.08 and a 200-day moving average of $82.18. The company has a market capitalization of $2.39 billion, a PE ratio of 5.13 and a beta of 1.16. The company has a debt ratio of 0.59, a current ratio of 0.93 and a quick ratio of 0.93.

Atlas Air Worldwide (NASDAQ:AAWW – Get Rating) last released its quarterly results on Wednesday, February 16. The transportation company reported EPS of $7.05 for the quarter, beating Thomson Reuters consensus estimate of $6.14 by $0.91. The company posted revenue of $1.16 billion in the quarter, versus analyst estimates of $1.10 billion. Atlas Air Worldwide achieved a net margin of 12.24% and a return on equity of 21.37%. The company’s quarterly revenue increased 24.7% year over year. In the same period a year earlier, the company posted earnings per share of $4.83. Sell-side analysts expect Atlas Air Worldwide to post EPS of 14.06 for the current fiscal year.

(A d)

Find out what the future holds with our 2022 future outlook guide.

This guide uses strategy and insights from experts to give you a picture of what lies ahead in the futures markets in 2022.

Don’t miss your chance to get a head start!

Atlas Air Worldwide announced that its board of directors approved a stock repurchase program on Thursday, February 17 that allows the company to repurchase $200.00 million of outstanding stock. This repurchase authorization allows the transport company to repurchase up to 8.8% of its shares through purchases on the open market. Stock buyback programs are usually a sign that the company’s board of directors believe its stock is undervalued.

In other news, CMO Michael Steen sold 6,688 shares in a trade that took place on Wednesday, January 12. The stock was sold at an average price of $87.50, for a total transaction of $585,200.00. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, director John K. Wulff sold 6,000 shares in a trade that took place on Tuesday, December 7. The shares were sold at an average price of $88.47, for a total value of $530,820.00. The disclosure of this sale can be found here. Insiders sold a total of 41,394 shares of the company worth $3,706,610 in the past ninety days. Company insiders own 1.70% of the company’s shares.

A number of hedge funds have recently changed their positions in AAWW. First Trust Advisors LP increased its stake in Atlas Air Worldwide by 20.0% in the 1st quarter. First Trust Advisors LP now owns 50,577 shares of the transportation company valued at $2,557,000 after buying 8,427 additional shares last quarter. LPL Financial LLC bought a new position in Atlas Air Worldwide in Q2 worth $287,000. Northern Trust Corp increased its stake in Atlas Air Worldwide by 1.8% in the second quarter. Northern Trust Corp now owns 312,283 shares of the transportation company valued at $21,271,000 after buying an additional 5,510 shares last quarter. Marshall Wace LLP bought a new position in Atlas Air Worldwide in Q2 worth $320,000. Finally, Nuveen Asset Management LLC increased its stake in Atlas Air Worldwide by 2.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 120,383 shares of the transportation company valued at $8,199,000 after buying 3,344 additional shares last quarter.

About Atlas Air Worldwide (Get a rating)

Atlas Air Worldwide Holdings, Inc engages in the provision of outsourced aircraft operations and aviation services. It operates through the following segments: ACMI, Charter and Dry Leasing. The ACMI segment offers aircraft, crew, maintenance and insurance services to customers. The Charter segment includes air cargo and passenger aircraft charters, including the United States

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Atlas Air Worldwide right now?

Before you consider Atlas Air Worldwide, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes over… and Atlas Air Worldwide was not on the list.

While Atlas Air Worldwide currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Back To Top