07 Jan Barclays PLC Sells 369 Shares of P.A.M. Transportation Serv…
Barclays PLC lowered its stake in P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 27.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 969 shares of the transportation company’s stock after selling 369 shares during the quarter. Barclays PLC’s holdings in P.A.M. Transportation Services were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in P.A.M. Transportation Services by 24.1% during the 3rd quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock valued at $1,473,000 after acquiring an additional 4,845 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of P.A.M. Transportation Services during the 2nd quarter valued at about $247,000. Acadian Asset Management LLC lifted its holdings in shares of P.A.M. Transportation Services by 68.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,568 shares of the transportation company’s stock valued at $97,000 after buying an additional 637 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of P.A.M. Transportation Services by 0.7% during the 2nd quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock valued at $2,180,000 after buying an additional 234 shares during the last quarter. 25.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of P.A.M. Transportation Services stock traded down $0.20 during trading on Monday, hitting $56.25. 9,700 shares of the stock traded hands, compared to its average volume of 8,667. The stock has a market cap of $324.81 million, a P/E ratio of 12.20 and a beta of 1.51. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.93 and a current ratio of 0.94. P.A.M. Transportation Services, Inc. has a twelve month low of $37.38 and a twelve month high of $71.56. The company has a fifty day moving average price of $57.12 and a two-hundred day moving average price of $56.74.
P.A.M. Transportation Services (NASDAQ:PTSI) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.54). P.A.M. Transportation Services had a net margin of 5.22% and a return on equity of 20.80%. The firm had revenue of $128.99 million for the quarter, compared to analyst estimates of $139.60 million. On average, equities research analysts expect that P.A.M. Transportation Services, Inc. will post 4.53 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on PTSI shares. ValuEngine lowered P.A.M. Transportation Services from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. Finally, BidaskClub lowered P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Wednesday, December 25th.
P.A.M. Transportation Services Company Profile
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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