P.A.M. Transportation Services (NASDAQ:PTSI) PT Lowered to $17.00

P.A.M. Transportation Services (NASDAQ:PTSI) had its target price cut by Stephens from $19.00 to $17.00 in a report issued on Friday morning, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Several other research analysts have also issued reports on the stock. TheStreet lowered shares of P.A.M. Transportation Services from a b- rating to a c+ rating in a research report on Thursday, February 1st. StockNews.com upgraded shares of P.A.M. Transportation Services from a hold rating to a buy rating in a research report on Saturday, February 24th.

P.A.M. Transportation Services Stock Down 0.1 %

Shares of NASDAQ:PTSI opened at $13.96 on Friday. P.A.M. Transportation Services has a 52-week low of $13.64 and a 52-week high of $28.77. The firm has a fifty day moving average of $16.55 and a 200 day moving average of $18.67. The firm has a market capitalization of $307.54 million, a PE ratio of 22.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.81 and a current ratio of 1.83.

P.A.M. Transportation Services (NASDAQ:PTSI) last announced its earnings results on Thursday, February 1st. The transportation company reported ($0.10) earnings per share (EPS) for the quarter. P.A.M. Transportation Services had a return on equity of 4.29% and a net margin of 1.75%. The company had revenue of $180.17 million during the quarter.

Institutional Trading of P.A.M. Transportation Services

Several institutional investors have recently added to or reduced their stakes in PTSI. Dimensional Fund Advisors LP boosted its position in P.A.M. Transportation Services by 98.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,446,756 shares of the transportation company’s stock valued at $50,276,000 after buying an additional 716,798 shares during the period. Renaissance Technologies LLC boosted its position in P.A.M. Transportation Services by 94.0% during the first quarter. Renaissance Technologies LLC now owns 1,245,808 shares of the transportation company’s stock valued at $43,292,000 after buying an additional 603,798 shares during the period. BlackRock Inc. boosted its position in P.A.M. Transportation Services by 97.9% during the first quarter. BlackRock Inc. now owns 514,567 shares of the transportation company’s stock valued at $17,883,000 after buying an additional 254,574 shares during the period. Vanguard Group Inc. raised its stake in shares of P.A.M. Transportation Services by 96.0% during the first quarter. Vanguard Group Inc. now owns 296,876 shares of the transportation company’s stock valued at $10,316,000 after acquiring an additional 145,392 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new position in shares of P.A.M. Transportation Services during the first quarter valued at about $2,136,000. 22.06% of the stock is currently owned by hedge funds and other institutional investors.

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 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.