P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday. The brokerage currently has a $27.00 target price on the transportation company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.83% from the stock’s current price.

According to Zacks, “P.A.M. Transportation Services, Inc. is an irregular route, common and contract motor carrier authorized to transport general commodities. The 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 freight is transported as truckload quantities. “

Several other brokerages also recently issued reports on PTSI. Stifel Nicolaus reaffirmed a “hold” rating on shares of P.A.M. Transportation Services in a research report on Sunday. ValuEngine raised P.A.M. Transportation Services from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th.

Shares of P.A.M. Transportation Services (NASDAQ:PTSI) opened at 23.93 on Tuesday. P.A.M. Transportation Services has a 12 month low of $14.50 and a 12 month high of $28.43. The stock has a market cap of $151.76 million, a P/E ratio of 19.01 and a beta of 1.02. The stock has a 50 day moving average price of $20.39 and a 200 day moving average price of $18.18.

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Several large investors have recently modified their holdings of PTSI. Bank of New York Mellon Corp grew its position in shares of P.A.M. Transportation Services by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 20,698 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 349 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of P.A.M. Transportation Services by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 345,758 shares of the transportation company’s stock valued at $5,633,000 after purchasing an additional 8,821 shares during the last quarter. Horrell Capital Management Inc. grew its position in shares of P.A.M. Transportation Services by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock valued at $529,000 after purchasing an additional 681 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of P.A.M. Transportation Services by 21.4% in the second quarter. Pacific Ridge Capital Partners LLC now owns 174,921 shares of the transportation company’s stock valued at $3,315,000 after purchasing an additional 30,780 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of P.A.M. Transportation Services in the second quarter valued at about $482,000. 24.27% 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.

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