ValuEngine Lowers Patriot Transportation (NASDAQ:PATI) to Sell

ValuEngine downgraded shares of Patriot Transportation (NASDAQ:PATI) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

PATI stock opened at $16.80 on Thursday. The business’s 50-day moving average price is $18.08. The company has a market cap of $56.23 million, a PE ratio of 29.47 and a beta of -0.12. Patriot Transportation has a 1 year low of $16.80 and a 1 year high of $21.95.

Patriot Transportation (NASDAQ:PATI) last released its earnings results on Monday, May 13th. The transportation company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $27.01 million during the quarter. Patriot Transportation had a return on equity of 3.49% and a net margin of 2.55%.

A number of hedge funds have recently added to or reduced their stakes in PATI. Estabrook Capital Management boosted its stake in shares of Patriot Transportation by 1.8% during the 4th quarter. Estabrook Capital Management now owns 87,761 shares of the transportation company’s stock worth $1,730,000 after buying an additional 1,565 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Patriot Transportation by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 116,568 shares of the transportation company’s stock worth $2,272,000 after buying an additional 1,243 shares during the last quarter. Finally, Quantum Capital Management boosted its stake in shares of Patriot Transportation by 0.8% during the 1st quarter. Quantum Capital Management now owns 74,265 shares of the transportation company’s stock worth $1,396,000 after buying an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 51.07% of the company’s stock.

About Patriot Transportation

Patriot Transportation Holding, Inc, through its subsidiary, Florida Rock & Tank Lines, Inc, engages in the transportation business. The company is involved in hauling petroleum related products, including gas and diesel fuel; and dry bulk commodities, such as cement, lime, and various industrial powder products, and liquid chemicals.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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