ValuEngine Downgrades P.A.M. Transportation Services (PTSI) to Hold

P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of P.A.M. Transportation Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Stifel Nicolaus increased their target price on shares of P.A.M. Transportation Services from $24.00 to $30.00 and gave the company a “hold” rating in a research report on Monday, November 6th.

Shares of P.A.M. Transportation Services (NASDAQ:PTSI) opened at $36.71 on Tuesday. The firm has a market cap of $227.92, a P/E ratio of 28.70 and a beta of 1.14. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.90. P.A.M. Transportation Services has a 52-week low of $14.50 and a 52-week high of $43.20.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its earnings results on Monday, October 23rd. The transportation company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.28. The business had revenue of $108.90 million during the quarter, compared to the consensus estimate of $108.20 million. P.A.M. Transportation Services had a net margin of 1.85% and a return on equity of 8.38%. equities research analysts forecast that P.A.M. Transportation Services will post 0.92 earnings per share for the current fiscal year.

P.A.M. Transportation Services announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 10th that authorizes the company to buyback 400,000 shares. This buyback authorization authorizes the transportation company to buy shares of its stock through a dutch auction. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of P.A.M. Transportation Services by 476.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,900 shares of the transportation company’s stock worth $137,000 after buying an additional 4,877 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of P.A.M. Transportation Services during the 2nd quarter worth approximately $482,000. Pacific Ridge Capital Partners LLC grew its position in shares of P.A.M. Transportation Services by 21.4% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock worth $3,315,000 after buying an additional 30,780 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of P.A.M. Transportation Services by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock worth $5,633,000 after buying an additional 8,821 shares during the period. 23.99% of the stock is owned by institutional investors.

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P.A.M. Transportation Services Company Profile

P.A.M. Transportation Services, Inc is a holding company. The Company, through its subsidiaries, operates as a truckload transportation and logistics company. It operates in the motor carrier segment. It operates as a truckload dry van carrier transporting general commodities throughout the continental United States, as well as in certain Canadian provinces.

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