P.A.M. Transportation Services (NASDAQ:PTSI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSI) in a research note issued to investors on Saturday. The firm issued a hold rating on the transportation company’s stock.

Separately, Stephens dropped their target price on P.A.M. Transportation Services from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th.

P.A.M. Transportation Services Price Performance

Shares of NASDAQ:PTSI opened at $19.72 on Friday. P.A.M. Transportation Services has a one year low of $13.51 and a one year high of $22.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.80 and a quick ratio of 1.78. The firm has a market capitalization of $429.50 million, a price-to-earnings ratio of -179.27 and a beta of 1.15. The company’s fifty day moving average price is $17.59 and its 200-day moving average price is $17.52.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its earnings results on Thursday, October 24th. The transportation company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. P.A.M. Transportation Services had a negative return on equity of 0.79% and a negative net margin of 0.34%. The business had revenue of $182.58 million for the quarter. On average, equities research analysts anticipate that P.A.M. Transportation Services will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of P.A.M. Transportation Services

Several institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in shares of P.A.M. Transportation Services by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock valued at $944,000 after acquiring an additional 701 shares during the last quarter. Empowered Funds LLC increased its stake in P.A.M. Transportation Services by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 61,638 shares of the transportation company’s stock worth $1,140,000 after purchasing an additional 3,082 shares during the period. Finally, Vanguard Group Inc. lifted its position in P.A.M. Transportation Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock valued at $5,546,000 after purchasing an additional 2,808 shares during the last quarter. 22.06% of the stock is currently 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 operates a truckload dry van carrier that transports general commodities, such as automotive parts; expedited goods; consumer goods, such as general retail store merchandise; and manufactured goods, including heating and air conditioning units.