P.A.M. Transportation Services (NASDAQ:PTSI) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of P.A.M. Transportation Services (NASDAQ:PTSIFree Report) in a report issued on Friday morning. The brokerage issued a hold rating on the transportation company’s stock.

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

View Our Latest Research Report on PTSI

P.A.M. Transportation Services Stock Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 1.80 and a quick ratio of 1.78. P.A.M. Transportation Services has a 12-month low of $13.51 and a 12-month high of $22.88. 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 business’s 50-day moving average is $17.50 and its 200 day moving average is $17.48.

P.A.M. Transportation Services (NASDAQ:PTSIGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.09. The company had revenue of $182.58 million for the quarter. P.A.M. Transportation Services had a negative return on equity of 0.79% and a negative net margin of 0.34%. On average, equities research analysts forecast 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 hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in P.A.M. Transportation Services by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock valued at $5,546,000 after buying an additional 2,808 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of P.A.M. Transportation Services by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 54,345 shares of the transportation company’s stock worth $944,000 after acquiring an additional 701 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of P.A.M. Transportation Services by 5.3% in the third quarter. Empowered Funds LLC now owns 61,638 shares of the transportation company’s stock valued at $1,140,000 after purchasing an additional 3,082 shares during the last quarter. Institutional investors and hedge funds own 22.06% of the company’s stock.

P.A.M. Transportation Services Company Profile

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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.

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