Zacks Investment Research upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a hold rating to a buy rating in a research report released on Monday morning. Zacks Investment Research currently has $69.00 price objective on the transportation company’s stock.

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. “

AAWW has been the topic of several other research reports. ValuEngine raised shares of Atlas Air Worldwide from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. BidaskClub raised shares of Atlas Air Worldwide from a sell rating to a hold rating in a research note on Thursday, January 11th. Cowen reaffirmed a hold rating on shares of Atlas Air Worldwide in a research note on Thursday, October 12th. Finally, Stifel Nicolaus raised shares of Atlas Air Worldwide from a hold rating to a buy rating and set a $69.00 price objective on the stock in a research note on Tuesday, November 7th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $69.50.

Atlas Air Worldwide (AAWW) traded up $0.20 during trading on Monday, reaching $61.95. 211,000 shares of the company’s stock traded hands, compared to its average volume of 361,427. The firm has a market cap of $1,540.00, a PE ratio of 37.77 and a beta of 1.38. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66. Atlas Air Worldwide has a 52-week low of $45.45 and a 52-week high of $68.70.

Atlas Air Worldwide (NASDAQ:AAWW) last released its earnings results on Tuesday, November 7th. The transportation company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.05). The company had revenue of $535.70 million for the quarter, compared to analyst estimates of $521.29 million. Atlas Air Worldwide had a net margin of 2.06% and a return on equity of 8.14%. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.09 EPS. equities research analysts anticipate that Atlas Air Worldwide will post 4.59 earnings per share for the current year.

In related news, CFO Spencer Schwartz sold 4,027 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $59.75, for a total transaction of $240,613.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William J. Flynn sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $58.60, for a total transaction of $293,000.00. Following the transaction, the chief executive officer now directly owns 166,958 shares in the company, valued at approximately $9,783,738.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,222 shares of company stock valued at $1,478,748. Corporate insiders own 2.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Impala Asset Management LLC bought a new position in shares of Atlas Air Worldwide in the third quarter valued at approximately $13,303,000. Vanguard Group Inc. increased its position in Atlas Air Worldwide by 3.7% during the second quarter. Vanguard Group Inc. now owns 2,277,414 shares of the transportation company’s stock worth $118,767,000 after acquiring an additional 81,672 shares during the period. Parametrica Management Ltd bought a new position in Atlas Air Worldwide during the third quarter worth $736,000. WINTON GROUP Ltd bought a new position in Atlas Air Worldwide during the third quarter worth $2,120,000. Finally, Schwab Charles Investment Management Inc. increased its position in Atlas Air Worldwide by 7.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 201,083 shares of the transportation company’s stock worth $10,487,000 after acquiring an additional 13,345 shares during the period.

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Atlas Air Worldwide Company Profile

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).

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