Atlas Air Worldwide Holdings (NASDAQ:AAWW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 a number of other research reports. BidaskClub downgraded Atlas Air Worldwide Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Cowen and Company reiterated a “hold” rating and set a $70.00 price target on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 5th. ValuEngine upgraded Atlas Air Worldwide Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Stifel Nicolaus reiterated a “hold” rating and set a $69.00 price target on shares of Atlas Air Worldwide Holdings in a research note on Tuesday, September 12th. Finally, Susquehanna Bancshares Inc assumed coverage on Atlas Air Worldwide Holdings in a research note on Thursday, August 17th. They set a “positive” rating and a $72.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Atlas Air Worldwide Holdings currently has a consensus rating of “Buy” and a consensus target price of $70.00.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) traded up 1.24% during trading on Tuesday, hitting $65.10. The stock had a trading volume of 220,989 shares. The company has a 50 day moving average of $66.04 and a 200-day moving average of $57.93. Atlas Air Worldwide Holdings has a 12-month low of $40.25 and a 12-month high of $68.70. The company has a market cap of $1.64 billion, a P/E ratio of 27.82 and a beta of 1.40.

Atlas Air Worldwide Holdings (NASDAQ:AAWW) last issued its earnings results on Wednesday, August 2nd. The transportation company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.24. Atlas Air Worldwide Holdings had a return on equity of 8.11% and a net margin of 2.98%. The firm 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 company posted $0.80 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, equities analysts predict that Atlas Air Worldwide Holdings will post $4.83 EPS for the current year.

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In other Atlas Air Worldwide Holdings news, CEO William J. Flynn sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $57.65, for a total value of $288,250.00. Following the completion of the transaction, the chief executive officer now owns 206,958 shares of the company’s stock, valued at approximately $11,931,128.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Duncan J. Mcnabb sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $60.65, for a total value of $60,650.00. Following the completion of the transaction, the director now directly owns 12,969 shares of the company’s stock, valued at approximately $786,569.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,000 shares of company stock valued at $2,252,800. 2.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of AAWW. State Board of Administration of Florida Retirement System raised its holdings in Atlas Air Worldwide Holdings by 13.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,044 shares of the transportation company’s stock valued at $723,000 after acquiring an additional 1,554 shares in the last quarter. Karp Capital Management Corp acquired a new position in Atlas Air Worldwide Holdings in the 1st quarter valued at approximately $832,000. Ameritas Investment Partners Inc. acquired a new position in Atlas Air Worldwide Holdings in the 1st quarter valued at approximately $107,000. Mason Street Advisors LLC raised its holdings in Atlas Air Worldwide Holdings by 7.5% in the 1st quarter. Mason Street Advisors LLC now owns 5,876 shares of the transportation company’s stock valued at $326,000 after acquiring an additional 411 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Atlas Air Worldwide Holdings by 1.5% in the 1st quarter. Arizona State Retirement System now owns 13,123 shares of the transportation company’s stock valued at $728,000 after acquiring an additional 200 shares in the last quarter. 96.41% of the stock is owned by hedge funds and other institutional investors.

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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