Atlas Air Worldwide Holdings (NASDAQ:AAWW) has been given an average recommendation of “Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $69.67.

AAWW has been the topic of several research analyst reports. Zacks Investment Research cut shares of Atlas Air Worldwide Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Imperial Capital raised their target price on shares of Atlas Air Worldwide Holdings from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, May 4th. Stifel Nicolaus cut shares of Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research note on Thursday, April 27th. They noted that the move was a valuation call. Cowen and Company reissued a “hold” rating and set a $60.00 target price on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, July 11th. Finally, BidaskClub raised shares of Atlas Air Worldwide Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th.

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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 value of $275,500.00. Following the transaction, the chief executive officer now owns 211,958 shares of the company’s stock, valued at approximately $11,678,885.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 25,000 shares of company stock worth $1,404,200 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position 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 valued at $167,084,000 after buying an additional 3,007,336 shares in the last quarter. Alliancebernstein L.P. boosted its position 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 valued at $76,648,000 after buying an additional 344,745 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Atlas Air Worldwide Holdings by 20.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the transportation company’s stock valued at $46,935,000 after buying an additional 150,000 shares in the last quarter. Marshall Wace North America L.P. boosted its position in shares of Atlas Air Worldwide Holdings by 186.8% in the second quarter. Marshall Wace North America L.P. now owns 178,155 shares of the transportation company’s stock valued at $9,264,000 after buying an additional 116,029 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 valued at $121,754,000 after buying an additional 114,422 shares in the last quarter. 96.32% of the stock is currently owned by institutional investors.

Shares of Atlas Air Worldwide Holdings (NASDAQ:AAWW) opened at 65.65 on Tuesday. Atlas Air Worldwide Holdings has a one year low of $34.22 and a one year high of $65.85. The firm has a 50 day moving average of $55.25 and a 200 day moving average of $53.77. The stock has a market cap of $1.66 billion, a P/E ratio of 28.06 and a beta of 1.45.

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

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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