Diversified Trust Co Takes Position in SkyWest, Inc. (NASDAQ:SKYW)

Diversified Trust Co bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,597 shares of the transportation company’s stock, valued at approximately $460,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. lifted its stake in shares of SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after buying an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of SkyWest in the 3rd quarter worth $31,000. GAMMA Investing LLC raised its holdings in shares of SkyWest by 47.1% in the third quarter. GAMMA Investing LLC now owns 1,365 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 437 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of SkyWest during the third quarter valued at about $158,000. Finally, Millburn Ridgefield Corp purchased a new position in SkyWest during the third quarter worth about $168,000. Institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SKYW. Raymond James lifted their target price on shares of SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th. Finally, TD Cowen raised their target price on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.25.

SkyWest Stock Performance

NASDAQ:SKYW opened at $111.08 on Friday. The company has a market capitalization of $4.48 billion, a P/E ratio of 18.99 and a beta of 1.98. The business has a fifty day simple moving average of $108.06 and a two-hundred day simple moving average of $91.07. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. SkyWest, Inc. has a 1 year low of $48.28 and a 1 year high of $117.51.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The company had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. On average, analysts expect that SkyWest, Inc. will post 7.16 earnings per share for the current year.

Insider Activity at SkyWest

In other news, CEO Russell A. Childs sold 27,903 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total value of $3,110,347.41. Following the completion of the transaction, the chief executive officer now directly owns 349,548 shares in the company, valued at approximately $38,964,115.56. This trade represents a 7.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Eric Woodward sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $446,120.00. Following the sale, the chief accounting officer now directly owns 44,426 shares in the company, valued at $4,954,831.78. This trade represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,467 shares of company stock worth $10,082,596. 2.00% of the stock is owned by corporate insiders.

SkyWest Company Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.