Axa grew its holdings in shares of P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,192 shares of the transportation company’s stock after acquiring an additional 992 shares during the period. Axa’s holdings in P.A.M. Transportation Services were worth $924,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. First Trust Advisors LP bought a new position in P.A.M. Transportation Services in the third quarter worth about $222,000. NJ State Employees Deferred Compensation Plan bought a new position in P.A.M. Transportation Services in the second quarter worth about $451,000. O Shaughnessy Asset Management LLC lifted its holdings in P.A.M. Transportation Services by 7.5% in the third quarter. O Shaughnessy Asset Management LLC now owns 12,979 shares of the transportation company’s stock worth $842,000 after acquiring an additional 909 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in P.A.M. Transportation Services by 41.4% in the second quarter. Bank of New York Mellon Corp now owns 27,411 shares of the transportation company’s stock worth $1,287,000 after acquiring an additional 8,025 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in P.A.M. Transportation Services by 125.5% in the second quarter. Northern Trust Corp now owns 34,272 shares of the transportation company’s stock worth $1,610,000 after acquiring an additional 19,074 shares during the last quarter. Institutional investors own 27.22% of the company’s stock.
A number of equities analysts have issued reports on PTSI shares. TheStreet raised shares of P.A.M. Transportation Services from a “c” rating to a “b” rating in a report on Monday, August 27th. BidaskClub raised shares of P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a report on Wednesday, September 26th.
Shares of NASDAQ PTSI opened at $44.20 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 1.05. P.A.M. Transportation Services, Inc. has a 52-week low of $31.81 and a 52-week high of $70.00. The stock has a market capitalization of $269.39 million, a price-to-earnings ratio of 14.32 and a beta of 1.37.
P.A.M. Transportation Services (NASDAQ:PTSI) last announced its quarterly earnings results on Friday, October 12th. The transportation company reported $1.52 EPS for the quarter, beating the consensus estimate of $0.45 by $1.07. P.A.M. Transportation Services had a net margin of 9.78% and a return on equity of 14.87%. The company had revenue of $140.33 million for the quarter.
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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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