Atlas Air Worldwide Holdings (NASDAQ:AAWW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $74.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 12.98% from the stock’s current price.

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. “

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Atlas Air Worldwide Holdings in a report on Friday, June 2nd. BidaskClub raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Cowen and Company reaffirmed a “hold” rating and set a $70.00 price target (up previously from $60.00) on shares of Atlas Air Worldwide Holdings in a report on Thursday. Finally, Imperial Capital reaffirmed an “outperform” rating on shares of Atlas Air Worldwide Holdings in a report on Friday, May 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $68.40.

Atlas Air Worldwide Holdings (AAWW) traded down 0.08% during mid-day trading on Monday, reaching $65.65. 582,897 shares of the company were exchanged. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 28.06 and a beta of 1.45. Atlas Air Worldwide Holdings has a one year low of $34.22 and a one year high of $65.85. The stock has a 50 day moving average of $55.25 and a 200-day moving average of $53.77.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.24. Atlas Air Worldwide Holdings had a net margin of 2.98% and a return on equity of 8.11%. The business had revenue of $517.37 million for the quarter, compared to the consensus estimate of $500.44 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, equities analysts expect that Atlas Air Worldwide Holdings will post $4.76 earnings per share for the current fiscal year.

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In other news, CEO William J. Flynn sold 5,000 shares of Atlas Air Worldwide Holdings stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $55.10, for a total transaction of $275,500.00. Following the sale, the chief executive officer now owns 211,958 shares in the company, valued at $11,678,885.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 25,000 shares of company stock worth $1,404,200. Company insiders own 2.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in 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 valued at $167,084,000 after buying an additional 3,007,336 shares during the last quarter. Systematic Financial Management LP boosted its stake in Atlas Air Worldwide Holdings by 924.0% in the second quarter. Systematic Financial Management LP now owns 447,462 shares of the transportation company’s stock valued at $18,533,000 after buying an additional 403,765 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Atlas Air Worldwide Holdings by 119.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 680,000 shares of the transportation company’s stock valued at $28,166,000 after buying an additional 370,000 shares during the last quarter. Alliancebernstein L.P. boosted its stake in 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 valued at $76,648,000 after buying an additional 344,745 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in Atlas Air Worldwide Holdings during the second quarter valued at about $13,788,000. Hedge funds and other institutional investors own 96.32% of the company’s stock.

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).

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