Atlas Air Worldwide Holdings (NASDAQ:AAWW) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air and Polar Air Cargo, which together operate the world’s largest fleet of Boeing freighter aircraft. AAWW is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines, Atlas Air, Inc. and Polar Air Cargo, IncAAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. “

A number of other research firms have also commented on AAWW. Seaport Global Securities initiated coverage on shares of Atlas Air Worldwide Holdings in a research note on Thursday, March 30th. They issued a “buy” rating and a $65.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Atlas Air Worldwide Holdings in a research note on Friday, June 2nd. BidaskClub raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Imperial Capital raised their price objective on shares of Atlas Air Worldwide Holdings from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Atlas Air Worldwide Holdings has a consensus rating of “Buy” and a consensus target price of $60.00.

Shares of Atlas Air Worldwide Holdings (AAWW) traded up 0.77% on Monday, hitting $59.10. The company’s stock had a trading volume of 19,765 shares. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 37.15 and a beta of 1.43. Atlas Air Worldwide Holdings has a 52 week low of $34.22 and a 52 week high of $60.10. The stock’s 50 day moving average is $53.26 and its 200-day moving average is $53.28.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last posted its quarterly earnings data on Wednesday, May 3rd. The transportation company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Atlas Air Worldwide Holdings had a net margin of 2.12% and a return on equity of 7.66%. The firm had revenue of $475.40 million during the quarter, compared to analyst estimates of $451.72 million. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts anticipate that Atlas Air Worldwide Holdings will post $4.64 earnings per share for the current year.

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In other Atlas Air Worldwide Holdings news, CMO Michael Steen sold 23,387 shares of Atlas Air Worldwide Holdings stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $57.00, for a total transaction of $1,333,059.00. Following the completion of the sale, the chief marketing officer now owns 39,291 shares of the company’s stock, valued at approximately $2,239,587. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction on Monday, April 24th. The shares were sold at an average price of $58.39, for a total transaction of $291,950.00. Following the sale, the chief executive officer now directly owns 231,758 shares of the company’s stock, valued at approximately $13,532,349.62. The disclosure for this sale can be found here. Insiders have sold a total of 73,914 shares of company stock valued at $4,229,860 in the last three months. Company insiders own 2.50% of the company’s stock.

Several large investors have recently modified their holdings of AAWW. BlackRock Inc. raised its stake in shares of Atlas Air Worldwide Holdings by 51,032.3% in the first quarter. BlackRock Inc. now owns 3,013,229 shares of the transportation company’s stock worth $167,084,000 after buying an additional 3,007,336 shares during the period. Vanguard Group Inc. raised its stake in shares of Atlas Air Worldwide Holdings by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,195,742 shares of the transportation company’s stock worth $121,754,000 after buying an additional 114,422 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Atlas Air Worldwide Holdings by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,119,124 shares of the transportation company’s stock worth $117,505,000 after buying an additional 9,883 shares during the period. Alliancebernstein L.P. raised its stake in shares of Atlas Air Worldwide Holdings by 33.2% in the first quarter. Alliancebernstein L.P. now owns 1,382,286 shares of the transportation company’s stock worth $76,648,000 after buying an additional 344,745 shares during the period. Finally, LSV Asset Management raised its stake in shares of Atlas Air Worldwide Holdings by 8.3% in the first quarter. LSV Asset Management now owns 787,922 shares of the transportation company’s stock worth $43,690,000 after buying an additional 60,381 shares during the period. 95.94% of the stock is owned by institutional investors.

About Atlas Air Worldwide Holdings

Atlas Air Worldwide Holdings, Inc is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing).

Analyst Recommendations for Atlas Air Worldwide Holdings (NASDAQ:AAWW)

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