11 Dec P.A.M. Transportation Services (NASDAQ:PTSI) Lowered to “Ho…
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded P.A.M. Transportation Services from a hold rating to a sell rating in a research note on Thursday, October 17th. BidaskClub upgraded P.A.M. Transportation Services from a sell rating to a hold rating in a report on Saturday, October 5th.
PTSI stock traded up $1.10 during midday trading on Monday, reaching $55.75. The company had a trading volume of 10,700 shares, compared to its average volume of 5,475. The company has a market capitalization of $311.23 million, a price-to-earnings ratio of 12.09 and a beta of 1.48. The stock has a 50 day moving average price of $56.60 and a 200-day moving average price of $56.52. P.A.M. Transportation Services has a 1-year low of $34.31 and a 1-year high of $71.56. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.94 and a quick ratio of 0.93.
P.A.M. Transportation Services (NASDAQ:PTSI) last issued its earnings results on Tuesday, October 15th. The transportation company reported $0.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.54). The business had revenue of $128.99 million for the quarter, compared to analyst estimates of $139.60 million. P.A.M. Transportation Services had a return on equity of 20.80% and a net margin of 5.22%. As a group, research analysts anticipate that P.A.M. Transportation Services will post 5.07 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in PTSI. NJ State Employees Deferred Compensation Plan boosted its holdings in P.A.M. Transportation Services by 11.1% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 10,000 shares of the transportation company’s stock valued at $620,000 after acquiring an additional 1,000 shares during the last quarter. First Trust Advisors LP bought a new position in shares of P.A.M. Transportation Services during the 2nd quarter worth approximately $247,000. Acadian Asset Management LLC boosted 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 worth $97,000 after buying an additional 637 shares in the last quarter. Northern Trust Corp boosted 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 worth $2,180,000 after buying an additional 234 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of 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 worth $1,473,000 after buying an additional 4,845 shares in the last quarter. Institutional investors own 25.78% 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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