Atlas Air Worldwide (AAWW) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Atlas Air Worldwide (NASDAQ:AAWW) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning. They currently have $60.00 target price 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. “

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus raised shares of Atlas Air Worldwide from a hold rating to a buy rating and set a $69.00 target price on the stock in a research note on Tuesday, November 7th. ValuEngine lowered shares of Atlas Air Worldwide from a strong-buy rating to a buy rating in a research note on Tuesday, November 14th. BidaskClub raised shares of Atlas Air Worldwide from a sell rating to a hold rating in a research note on Thursday, January 11th. Finally, Cowen raised shares of Atlas Air Worldwide from a market perform rating to an outperform rating and boosted their price objective for the stock from $62.00 to $72.00 in a research note on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Atlas Air Worldwide presently has an average rating of Buy and an average price target of $70.00.

Shares of Atlas Air Worldwide (NASDAQ AAWW) opened at $53.45 on Wednesday. The firm has a market cap of $1,361.49, a PE ratio of 11.41 and a beta of 1.31. 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.

In other Atlas Air Worldwide news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $58.60, for a total value of $293,000.00. Following the completion of the transaction, the chief executive officer now directly owns 166,958 shares of the company’s stock, valued at $9,783,738.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Spencer Schwartz sold 4,027 shares of Atlas Air Worldwide stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $59.75, for a total transaction of $240,613.25. The disclosure for this sale can be found here. Insiders have sold 19,222 shares of company stock worth $1,149,998 in the last three months. 2.50% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of AAWW. FMR LLC raised its holdings in Atlas Air Worldwide by 22.7% in the second quarter. FMR LLC now owns 1,378,443 shares of the transportation company’s stock worth $71,886,000 after buying an additional 254,743 shares during the last quarter. Emerald Advisers Inc. PA raised its holdings in Atlas Air Worldwide by 192.2% in the fourth quarter. Emerald Advisers Inc. PA now owns 308,987 shares of the transportation company’s stock worth $18,122,000 after buying an additional 203,231 shares during the last quarter. Impala Asset Management LLC purchased a new position in Atlas Air Worldwide in the third quarter worth about $13,303,000. Renaissance Technologies LLC raised its holdings in Atlas Air Worldwide by 194.1% in the second quarter. Renaissance Technologies LLC now owns 297,296 shares of the transportation company’s stock worth $15,504,000 after buying an additional 196,196 shares during the last quarter. Finally, SG Capital Management LLC purchased a new position in Atlas Air Worldwide in the third quarter worth about $11,925,000.

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About Atlas Air Worldwide

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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