A number of firms have modified their ratings and price targets on shares of P.A.M. Transportation Services (NASDAQ: PTSI) recently:
- 12/12/2019 – P.A.M. Transportation Services was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
- 12/11/2019 – P.A.M. Transportation Services was upgraded by analysts at from a “strong sell” rating to a “hold” rating. According to Zacks, “P.A.M. Transportation Services, Inc. is an irregular route, common and contract motor carrier authorized to transport general commodities. The freight consists primarily of automotive parts, consumer goods, such as general retail store merchandise, and products from the manufacturing sector, such as heating and air conditioning units. All freight is transported as truckload quantities. “
- 11/30/2019 – P.A.M. Transportation Services was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
- 11/25/2019 – P.A.M. Transportation Services was downgraded by analysts at from a “buy” rating to a “hold” rating.
- 11/1/2019 – P.A.M. Transportation Services was upgraded by analysts at from a “hold” rating to a “buy” rating.
- 10/17/2019 – P.A.M. Transportation Services was downgraded by analysts at from a “hold” rating to a “sell” rating. According to Zacks, “P.A.M. Transportation Services, Inc. is an irregular route, common and contract motor carrier authorized to transport general commodities. The freight consists primarily of automotive parts, consumer goods, such as general retail store merchandise, and products from the manufacturing sector, such as heating and air conditioning units. All freight is transported as truckload quantities. “
P.A.M. Transportation Services (NASDAQ:PTSI) last released its earnings results on Tuesday, October 15th. The transportation company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.54). The company had revenue of $128.99 million for the quarter, compared to the consensus estimate of $139.60 million. P.A.M. Transportation Services had a net margin of 5.22% and a return on equity of 20.80%. On average, equities research analysts anticipate that P.A.M. Transportation Services, Inc. will post 4.53 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of PTSI. Acadian Asset Management LLC raised its stake in shares of P.A.M. Transportation Services by 68.4% in the second quarter. Acadian Asset Management LLC now owns 1,568 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 637 shares during the period. First Trust Advisors LP purchased a new position in shares of P.A.M. Transportation Services during the 2nd quarter worth about $247,000. State Street Corp boosted its stake in shares of P.A.M. Transportation Services by 24.1% during the 3rd quarter. State Street Corp now owns 24,924 shares of the transportation company’s stock worth $1,473,000 after purchasing an additional 4,845 shares during the period. Finally, Northern Trust Corp grew its holdings in P.A.M. Transportation Services by 0.7% during the 2nd quarter. Northern Trust Corp now owns 35,163 shares of the transportation company’s stock valued at $2,180,000 after purchasing an additional 234 shares during the last quarter. 25.78% of the stock is owned by institutional investors.
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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