P.A.M. Transportation Services (NASDAQ:PTSI) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.

Separately, TheStreet raised P.A.M. Transportation Services from a “c” rating to a “b” rating in a report on Monday, August 27th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.00.

PTSI traded down $0.37 during trading on Friday, hitting $53.09. 19,100 shares of the company’s stock traded hands, compared to its average volume of 18,727. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.98. P.A.M. Transportation Services has a 12-month low of $27.85 and a 12-month high of $70.00. The company has a market cap of $335.47 million, a price-to-earnings ratio of 17.59 and a beta of 1.31.

P.A.M. Transportation Services (NASDAQ:PTSI) last released its quarterly earnings results on Friday, October 12th. The transportation company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $1.07. The firm had revenue of $140.33 million for the quarter. P.A.M. Transportation Services had a return on equity of 15.08% and a net margin of 9.78%.

In other news, CFO Allen West sold 775 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $58.73, for a total transaction of $45,515.75. Following the transaction, the chief financial officer now directly owns 1,400 shares of the company’s stock, valued at approximately $82,222. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 61.99% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NJ State Employees Deferred Compensation Plan lifted its holdings in shares of P.A.M. Transportation Services by 14.6% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 11,000 shares of the transportation company’s stock valued at $716,000 after buying an additional 1,400 shares during the period. Northern Trust Corp raised its holdings in P.A.M. Transportation Services by 125.5% in the 2nd quarter. Northern Trust Corp now owns 34,272 shares of the transportation company’s stock worth $1,610,000 after purchasing an additional 19,074 shares during the period. Bank of New York Mellon Corp raised its holdings in P.A.M. Transportation Services by 41.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,411 shares of the transportation company’s stock worth $1,287,000 after purchasing an additional 8,025 shares during the period. Renaissance Technologies LLC raised its holdings in P.A.M. Transportation Services by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 414,600 shares of the transportation company’s stock worth $19,474,000 after purchasing an additional 34,072 shares during the period. Finally, BlackRock Inc. raised its holdings in P.A.M. Transportation Services by 65.5% in the 2nd quarter. BlackRock Inc. now owns 249,747 shares of the transportation company’s stock worth $11,731,000 after purchasing an additional 98,825 shares during the period. 27.71% of the stock is currently owned by hedge funds and other institutional investors.

P.A.M. Transportation Services Company Profile

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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