11 May P.A.M. Transportation Services (PTSI) Downgraded to Sell at…
A number of other research firms have also weighed in on PTSI. Stifel Nicolaus began coverage on P.A.M. Transportation Services in a research note on Tuesday, April 23rd. They set a hold rating and a $58.00 price objective for the company. ValuEngine upgraded P.A.M. Transportation Services from a hold rating to a buy rating in a research note on Wednesday, May 1st.
PTSI traded down $0.05 on Friday, reaching $46.45. 2,197 shares of the stock were exchanged, compared to its average volume of 3,205. P.A.M. Transportation Services has a fifty-two week low of $34.31 and a fifty-two week high of $70.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.08. The stock has a market cap of $275.28 million, a P/E ratio of 10.08 and a beta of 1.75.
P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings results on Monday, April 15th. The transportation company reported $0.99 EPS for the quarter. The company had revenue of $128.69 million during the quarter. P.A.M. Transportation Services had a return on equity of 23.54% and a net margin of 5.70%. Analysts predict that P.A.M. Transportation Services will post 5.44 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Horrell Capital Management Inc. raised its stake in shares of P.A.M. Transportation Services by 0.9% during the 4th quarter. Horrell Capital Management Inc. now owns 31,029 shares of the transportation company’s stock valued at $1,223,000 after buying an additional 283 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of P.A.M. Transportation Services by 34.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,526 shares of the transportation company’s stock valued at $173,000 after buying an additional 901 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of P.A.M. Transportation Services by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 26,058 shares of the transportation company’s stock valued at $1,026,000 after purchasing an additional 988 shares in the last quarter. Bank of America Corp DE increased its stake in shares of P.A.M. Transportation Services by 353.6% in the 4th quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock valued at $101,000 after purchasing an additional 1,998 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of P.A.M. Transportation Services in the 1st quarter valued at about $127,000. Institutional investors and hedge funds own 26.51% of the company’s stock.
About P.A.M. Transportation Services
P.A.M. Transportation Services, Inc, through its subsidiaries, operates as a truckload transportation and logistics company in the United States, Mexico, and Canada. The company is involved in the transportation of general commodities. Its freight primarily consists of automotive parts; expedited goods; consumer goods, including general retail store merchandise; and manufactured goods, such as heating and air conditioning units.
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