P.A.M. Transportation Services (NASDAQ:PTSI) Rating Lowered…

P.A.M. Transportation Services (NASDAQ:PTSI) Rating Lowered…


P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

Several other equities research analysts have also recently weighed in on PTSI. Stifel Nicolaus set a $170.00 price objective on shares of Union Pacific and gave the company a “hold” rating in a research report on Tuesday, April 23rd. BidaskClub cut shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th.

PTSI opened at $54.65 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.00. The firm has a market cap of $323.53 million, a PE ratio of 11.85 and a beta of 1.49. P.A.M. Transportation Services has a 1-year low of $34.31 and a 1-year high of $70.00. The company has a 50-day moving average of $58.31.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings data on Monday, July 15th. The transportation company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.31. The firm had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.10 million. P.A.M. Transportation Services had a net margin of 5.97% and a return on equity of 24.66%. On average, sell-side analysts expect that P.A.M. Transportation Services will post 5.51 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of 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 buying an additional 1,998 shares during the period. SG Americas Securities LLC acquired a new stake in shares of P.A.M. Transportation Services during the 1st quarter worth approximately $127,000. Geode Capital Management LLC grew its position in shares of 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 buying an additional 988 shares during the period. Bank of New York Mellon Corp grew its position in shares of P.A.M. Transportation Services by 26.3% during the 4th quarter. Bank of New York Mellon Corp now owns 32,938 shares of the transportation company’s stock worth $1,298,000 after buying an additional 6,857 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of 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 buying an additional 18,850 shares during the period. Institutional investors own 26.43% 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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