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

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of P.A.M. Transportation Services from a “strong sell” rating to a “hold” rating and set a $27.00 price objective for the company in a report on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating on shares of P.A.M. Transportation Services in a report on Sunday, October 1st.

P.A.M. Transportation Services (NASDAQ PTSI) traded up $2.00 on Tuesday, reaching $38.16. 15,225 shares of the company’s stock were exchanged, compared to its average volume of 17,140. P.A.M. Transportation Services has a one year low of $14.50 and a one year high of $43.20. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $238.51, a PE ratio of 30.03 and a beta of 1.14.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings data 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. P.A.M. Transportation Services had a net margin of 1.85% and a return on equity of 8.38%. The company had revenue of $108.90 million during the quarter, compared to analysts’ expectations of $108.20 million. analysts predict that P.A.M. Transportation Services will post 0.92 earnings per share for the current year.

P.A.M. Transportation Services announced that its board has approved a share repurchase program on Tuesday, October 10th that authorizes the company to buyback 400,000 shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through a dutch auction. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of P.A.M. Transportation Services by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 368,699 shares of the transportation company’s stock worth $8,823,000 after purchasing an additional 7,927 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of P.A.M. Transportation Services by 476.7% during the third quarter. JPMorgan Chase & Co. now owns 5,900 shares of the transportation company’s stock worth $137,000 after purchasing an additional 4,877 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of P.A.M. Transportation Services during the second quarter worth about $482,000. Pacific Ridge Capital Partners LLC increased its stake in shares of P.A.M. Transportation Services by 21.4% during the second quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock worth $3,315,000 after purchasing an additional 30,780 shares in the last quarter. Finally, Horrell Capital Management Inc. increased its stake in shares of P.A.M. Transportation Services by 2.5% during the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock worth $529,000 after purchasing an additional 681 shares in the last quarter. 23.99% of the stock is owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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