BidaskClub Lowers P.A.M. Transportation Services (NASDAQ:PTSI) to Strong Sell

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BidaskClub cut shares of P.A.M. Transportation Services (NASDAQ:PTSI) from a sell rating to a strong sell rating in a report published on Friday, BidAskClub reports.

Several other research analysts have also weighed in on the company. Stifel Nicolaus started coverage on P.A.M. Transportation Services in a research report on Tuesday, April 23rd. They set a hold rating and a $58.00 price target on the stock. ValuEngine lowered P.A.M. Transportation Services from a buy rating to a hold rating in a research report on Thursday, July 18th.

NASDAQ:PTSI opened at $46.81 on Friday. The firm has a market capitalization of $265.64 million, a price-to-earnings ratio of 10.15 and a beta of 1.57. P.A.M. Transportation Services has a 1-year low of $34.31 and a 1-year high of $70.00. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.10. The business’s fifty day moving average price is $55.63 and its 200 day moving average price is $53.29.

P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings results on Monday, July 15th. The transportation company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.31. The firm had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.10 million. P.A.M. Transportation Services had a return on equity of 24.54% and a net margin of 5.97%. Equities analysts forecast that P.A.M. Transportation Services will post 5.51 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of PTSI. Pacific Ridge Capital Partners LLC increased its position in P.A.M. Transportation Services by 16.7% in 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 during the last quarter. Dimensional Fund Advisors LP increased its position in P.A.M. Transportation Services by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 389,326 shares of the transportation company’s stock worth $15,343,000 after purchasing an additional 11,495 shares during the last quarter. Bank of New York Mellon Corp increased its position in P.A.M. Transportation Services by 26.3% in 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 during the last quarter. First Trust Advisors LP acquired a new position in P.A.M. Transportation Services in the 2nd quarter worth about $247,000. Finally, SG Americas Securities LLC acquired a new position in P.A.M. Transportation Services in the 1st quarter worth about $127,000. 27.27% of the stock is currently owned by institutional investors.

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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