PAM Transportation Services (NASDAQ:PTSI) downgraded by Zacks Investment Research

PAM Transportation Services (NASDAQ:PTSI – Get Assessment) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Wednesday to clients and investors, Zacks.com reports.

According to Zacks, “PAM Transportation Services, Inc. is an irregular, common, contract motor carrier licensed to transport general cargo. 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 goods are transported in truckload quantities.”

A number of other stock analysts have also weighed in on PTSI recently. StockNews.com began covering PAM Transportation Services in a research report on Thursday, March 31. They set a “Strong Buy” rating on the stock. Stephens cut its price target on PAM Transportation Services from $42.50 to $40.00 in a Friday, April 1 report.

Shares of NASDAQ PTSI opened at $27.30 on Wednesday. The company’s 50-day moving average price is $51.03 and its two-hundred-day moving average price is $44.89. The company has a market capitalization of $607.83 million, a PE ratio of 8.13 and a beta of 1.48. The company has a quick ratio of 1.78, a current ratio of 1.79 and a debt ratio of 0.80. PAM Transportation Services has a 12-month low of $12.94 and a 12-month high of $40.88.

PAM Transportation Services (NASDAQ:PTSI – Get Rating) last announced its quarterly results on Wednesday, January 19. The transportation company reported earnings per share of $1.90 for the quarter. The company had revenue of $213.91 million for the quarter. PAM Transportation Services achieved a return on equity of 43.43% and a net margin of 10.82%. As a group, research analysts expect PAM Transportation Services to post 4 EPS for the current fiscal year.

Several large investors have recently changed their stake in the company. BNP Paribas Arbitrage SA increased its stake in PAM Transportation Services shares by 22.2% during the fourth quarter. BNP Paribas Arbitrage SA now owns 1,431 shares of the transport company worth $102,000 after acquiring an additional 260 shares during the period. Horrell Capital Management Inc. increased its holdings of PAM Transportation Services shares by 0.5% during the fourth quarter. Horrell Capital Management Inc. now owns 59,280 shares of the transportation company worth $4,209,000 after acquiring 286 additional shares during the period. Citigroup Inc. increased its holdings of PAM Transportation Services shares by 100.2% during the fourth quarter. Citigroup Inc. now owns 873 shares of the transportation company worth $62,000 after acquiring 437 additional shares during the period. Morgan Stanley increased its holdings of PAM Transportation Services shares by 121.9% during the third quarter. Morgan Stanley now owns 881 shares of the transportation company worth $39,000 after acquiring 484 additional shares during the period. Finally, American International Group Inc. increased its stake in shares of PAM Transportation Services to 95.4% in the third quarter. American International Group Inc. now owns 1,989 shares of the transportation company valued at $89,000 after purchasing an additional 971 shares during the period. Institutional investors hold 22.63% of the company’s shares.

Company Profile PAM Transportation Services (Get a rating)

PAM Transportation Services, Inc. is a holding company that provides truckload and logistics services. It offers dedicated, dry, expedited, international and logistics solutions. Its freight consists of auto parts, shipped products, consumer goods and manufactured goods, such as heating and air conditioning units and general retail store merchandise.

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