P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.15 and last traded at $28.89, with a volume of 12,049 shares. The stock had previously closed at $28.78.
A number of research firms have issued reports on PTSI. 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 target 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. Finally, ValuEngine cut shares of P.A.M. Transportation Services from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
The stock has a 50-day moving average of $23.96 and a 200 day moving average of $19.38. The firm has a market capitalization of $183.22 million, a PE ratio of 22.95 and a beta of 1.02.
P.A.M. Transportation Services (NASDAQ:PTSI) last posted its quarterly earnings data on Monday, October 23rd. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.28. The firm had revenue of $108.90 million for the quarter, compared to the consensus estimate of $108.20 million. P.A.M. Transportation Services had a return on equity of 8.45% and a net margin of 1.85%. Equities analysts forecast that P.A.M. Transportation Services, Inc. will post $0.85 EPS for the current year.
P.A.M. Transportation Services declared that its board has authorized a stock buyback plan on Tuesday, October 10th that allows the company to buyback 400,000 outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through a dutch auction. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
A number of large investors have recently added to or reduced their stakes in PTSI. Bank of New York Mellon Corp grew its stake in P.A.M. Transportation Services by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 20,698 shares of the transportation company’s stock valued at $338,000 after acquiring an additional 349 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in P.A.M. Transportation Services during the 2nd quarter valued at about $482,000. Horrell Capital Management Inc. grew its stake in P.A.M. Transportation Services by 2.5% during the 2nd quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock valued at $529,000 after acquiring an additional 681 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in P.A.M. Transportation Services by 21.4% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock valued at $3,315,000 after acquiring an additional 30,780 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in P.A.M. Transportation Services by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock valued at $5,633,000 after acquiring an additional 8,821 shares in the last quarter. 24.45% of the stock is currently owned by institutional investors.
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.