P.A.M. Transportation Services (NASDAQ:PTSI) posted its earnings results on Friday. The transportation company reported $1.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $1.07, MarketWatch Earnings reports. P.A.M. Transportation Services had a net margin of 9.21% and a return on equity of 11.25%.
NASDAQ PTSI opened at $58.49 on Friday. The stock has a market capitalization of $394.07 million, a P/E ratio of 30.00 and a beta of 1.31. P.A.M. Transportation Services has a twelve month low of $27.85 and a twelve month high of $70.00. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98.
In related news, CFO Allen West sold 775 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $58.73, for a total value of $45,515.75. Following the sale, the chief financial officer now owns 1,400 shares of the company’s stock, valued at $82,222. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 64.82% of the company’s stock.
A hedge fund recently raised its stake in P.A.M. Transportation Services stock. Bank of New York Mellon Corp grew its position in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 41.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,411 shares of the transportation company’s stock after buying an additional 8,025 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.45% of P.A.M. Transportation Services worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission. 27.70% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on the stock. BidaskClub raised shares of P.A.M. Transportation Services from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 28th. TheStreet raised shares of P.A.M. Transportation Services from a “c” rating to a “b” rating in a research note on Monday, August 27th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $35.00.
About P.A.M. Transportation Services
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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