ValuEngine Lowers Patriot Transportation (NASDAQ:PATI) to Sell

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

NASDAQ:PATI opened at $16.80 on Thursday. The stock’s fifty day moving average price is $18.08. Patriot Transportation has a 52-week low of $16.80 and a 52-week high of $21.95. The firm has a market cap of $56.23 million, a P/E ratio of 29.47 and a beta of -0.12.

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

Institutional investors have recently modified their holdings of the business. Quantum Capital Management raised its position 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 valued at $1,396,000 after acquiring an additional 569 shares during the last quarter. Estabrook Capital Management raised its position 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 valued at $1,730,000 after acquiring an additional 1,565 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 valued at $2,272,000 after acquiring an additional 1,243 shares during the last quarter. 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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