P.A.M. Transportation Services (NASDAQ:PTSI) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a buy rating to a hold rating in a research note released on Tuesday, BidAskClub reports.

Several other brokerages have also recently issued reports on PTSI. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. Stifel Nicolaus set a $170.00 price objective on shares of Union Pacific and gave the company a hold rating in a report on Tuesday, April 23rd.

Shares of P.A.M. Transportation Services stock opened at $58.31 on Tuesday. The stock’s fifty day simple moving average is $58.19. The company has a market capitalization of $347.74 million, a price-to-earnings ratio of 10.98 and a beta of 1.49. P.A.M. Transportation Services has a 12 month low of $34.31 and a 12 month high of $70.00. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.00.



P.A.M. Transportation Services (NASDAQ:PTSI) last issued its quarterly earnings data on Monday, April 15th. The transportation company reported $0.99 earnings per share for the quarter. P.A.M. Transportation Services had a return on equity of 23.54% and a net margin of 5.70%. The firm had revenue of $128.69 million during the quarter. On average, research analysts anticipate that P.A.M. Transportation Services will post 5.51 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of P.A.M. Transportation Services by 353.6% during the fourth quarter. Bank of America Corp DE now owns 2,563 shares of the transportation company’s stock worth $101,000 after acquiring an additional 1,998 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of P.A.M. Transportation Services during the 1st quarter worth approximately $127,000. Geode Capital Management LLC raised its stake 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 purchasing an additional 988 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 6,857 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake 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 purchasing an additional 18,850 shares in the last quarter. 26.43% of the stock is currently owned by institutional investors and hedge funds.

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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