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

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


P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday, January 3rd, ValuEngine reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 11th. BidaskClub lowered P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a research report on Wednesday, December 25th.

PTSI traded down $0.64 during midday trading on Friday, hitting $57.35. 1,778 shares of the company were exchanged, compared to its average volume of 5,923. The firm has a market capitalization of $328.55 million, a P/E ratio of 12.44 and a beta of 1.51. P.A.M. Transportation Services has a 1-year low of $41.82 and a 1-year high of $71.56. The firm’s 50 day moving average price is $57.13 and its 200-day moving average price is $56.67. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.14.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced 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 company 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%. On average, sell-side analysts predict that P.A.M. Transportation Services will post 4.53 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC bought a new position in shares of P.A.M. Transportation Services in the 4th quarter worth about $238,000. State Street Corp raised its position in shares of P.A.M. Transportation Services by 24.1% in the 3rd quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock worth $1,473,000 after acquiring an additional 4,845 shares in the last quarter. First Trust Advisors LP raised its position in shares of P.A.M. Transportation Services by 8.1% in the 3rd quarter. First Trust Advisors LP now owns 4,310 shares of the transportation company’s stock worth $255,000 after acquiring an additional 324 shares in the last quarter. Northern Trust Corp raised its position in shares of P.A.M. Transportation Services by 0.7% in the 2nd quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock worth $2,180,000 after acquiring an additional 234 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of P.A.M. Transportation Services by 68.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,568 shares of the transportation company’s stock worth $97,000 after acquiring an additional 637 shares in the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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