Prudential Financial Inc. cut its holdings in shares of Atlas Air (NASDAQ:AAWW) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 262,279 shares of the transportation company’s stock after selling 6,170 shares during the quarter. Prudential Financial Inc. owned about 1.03% of Atlas Air worth $15,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAWW. Investors Research Corp purchased a new position in Atlas Air during the fourth quarter worth about $305,000. KBC Group NV purchased a new position in Atlas Air during the fourth quarter worth about $325,000. Alambic Investment Management L.P. purchased a new position in Atlas Air during the fourth quarter worth about $364,000. Capital Management Associates NY purchased a new position in Atlas Air during the fourth quarter worth about $405,000. Finally, US Bancorp DE lifted its position in Atlas Air by 24.5% during the fourth quarter. US Bancorp DE now owns 7,017 shares of the transportation company’s stock worth $412,000 after buying an additional 1,382 shares during the period.

Several equities analysts recently weighed in on AAWW shares. Zacks Investment Research upgraded Atlas Air from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday, February 7th. Stifel Nicolaus increased their target price on Atlas Air from $81.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. BidaskClub downgraded Atlas Air from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. ValuEngine upgraded Atlas Air from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Finally, Susquehanna Bancshares set a $77.00 target price on Atlas Air and gave the stock a “buy” rating in a research report on Monday, February 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.20.

Shares of NASDAQ:AAWW opened at $68.50 on Wednesday. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 12.68 and a beta of 1.25. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.14. Atlas Air has a 12 month low of $47.65 and a 12 month high of $70.00.

Atlas Air (NASDAQ:AAWW) last announced its quarterly earnings results on Thursday, May 3rd. The transportation company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.29. The company had revenue of $590.01 million during the quarter, compared to analyst estimates of $554.19 million. Atlas Air had a return on equity of 8.84% and a net margin of 10.30%. The firm’s revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. research analysts predict that Atlas Air will post 5.92 EPS for the current fiscal year.

In other Atlas Air news, CEO William J. Flynn sold 4,277 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $60.85, for a total transaction of $260,255.45. Following the completion of the sale, the chief executive officer now directly owns 151,958 shares in the company, valued at $9,246,644.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam Richard Kokas sold 5,000 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $67.92, for a total value of $339,600.00. Following the sale, the executive vice president now owns 39,130 shares of the company’s stock, valued at $2,657,709.60. The disclosure for this sale can be found here. Insiders have sold 78,051 shares of company stock valued at $5,100,292 over the last 90 days. 2.20% of the stock is currently owned by insiders.

Atlas Air Company Profile

Atlas Air Worldwide Holdings, Inc, through its subsidiaries, provides outsourced aircraft and aviation operating services worldwide. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions comprising contractual service arrangements, which include the provision of aircraft; and value-added services, such as crew, maintenance, and insurance to aircraft and other customers.

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Institutional Ownership by Quarter for Atlas Air (NASDAQ:AAWW)

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