11 Aug ValuEngine Lowers P.A.M. Transportation Services (NASDAQ:PT…
P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, July 18th, ValuEngine reports.
PTSI has been the topic of several other reports. BidaskClub lowered P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Stifel Nicolaus initiated coverage on P.A.M. Transportation Services in a report on Tuesday, April 23rd. They set a “hold” rating and a $58.00 target price on the stock.
Shares of NASDAQ:PTSI traded down $0.24 during midday trading on Thursday, hitting $51.30. 781 shares of the stock were exchanged, compared to its average volume of 2,374. The company has a quick ratio of 1.07, a current ratio of 1.03 and a debt-to-equity ratio of 1.10. P.A.M. Transportation Services has a 52-week low of $34.31 and a 52-week high of $70.00. The stock’s fifty day moving average is $57.04. The company has a market cap of $297.60 million, a P/E ratio of 11.13 and a beta of 1.57.
P.A.M. Transportation Services (NASDAQ:PTSI) last announced its quarterly earnings data on Monday, July 15th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.31. P.A.M. Transportation Services had a return on equity of 24.54% and a net margin of 5.97%. The business had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.10 million. On average, analysts anticipate that P.A.M. Transportation Services will post 5.51 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. NJ State Employees Deferred Compensation Plan grew its holdings in P.A.M. Transportation Services by 11.1% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 10,000 shares of the transportation company’s stock worth $620,000 after acquiring an additional 1,000 shares during the period. Bank of America Corp DE grew its holdings in P.A.M. Transportation Services by 353.6% during the 4th quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock worth $101,000 after acquiring an additional 1,998 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings in P.A.M. Transportation Services by 16.7% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 131,867 shares of the transportation company’s stock worth $6,454,000 after acquiring an additional 18,850 shares during the period. Geode Capital Management LLC grew its holdings in P.A.M. Transportation Services by 3.9% during the 4th quarter. Geode Capital Management LLC now owns 26,058 shares of the transportation company’s stock worth $1,026,000 after acquiring an additional 988 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in P.A.M. Transportation Services by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 389,326 shares of the transportation company’s stock worth $15,343,000 after acquiring an additional 11,495 shares during the period. 26.44% of the stock is currently owned by institutional investors and hedge funds.
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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