P.A.M. Transportation Services (NASDAQ:PTSI – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
Separately, Stephens lowered their price objective on shares of P.A.M. Transportation Services from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, April 19th.
P.A.M. Transportation Services Stock Up 8.6 %
P.A.M. Transportation Services (NASDAQ:PTSI – Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $182.59 million during the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%. As a group, research analysts anticipate that P.A.M. Transportation Services will post 0.5 EPS for the current fiscal year.
Institutional Investors Weigh In On P.A.M. Transportation Services
A number of hedge funds and other institutional investors have recently modified their holdings of PTSI. Quadrature Capital Ltd purchased a new position in P.A.M. Transportation Services in the 1st quarter worth approximately $307,000. Vanguard Group Inc. increased its stake in shares of P.A.M. Transportation Services by 0.8% in the first quarter. Vanguard Group Inc. now owns 342,117 shares of the transportation company’s stock worth $5,546,000 after buying an additional 2,808 shares during the period. Empowered Funds LLC raised its holdings in P.A.M. Transportation Services by 15.8% during the 1st quarter. Empowered Funds LLC now owns 54,416 shares of the transportation company’s stock valued at $882,000 after buying an additional 7,442 shares during the last quarter. BNP Paribas Financial Markets boosted its position in P.A.M. Transportation Services by 38.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,986 shares of the transportation company’s stock valued at $48,000 after buying an additional 837 shares during the period. Finally, Horrell Capital Management Inc. grew its holdings in P.A.M. Transportation Services by 0.5% in the 1st quarter. Horrell Capital Management Inc. now owns 117,484 shares of the transportation company’s stock worth $1,904,000 after acquiring an additional 588 shares during the last quarter. Institutional investors own 22.06% of the company’s stock.
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 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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