Patriot Transportation (NASDAQ:PATI) Raised to Buy at ValuEngine

Patriot Transportation (NASDAQ:PATI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday, ValuEngine reports.

NASDAQ PATI opened at $17.50 on Tuesday. Patriot Transportation has a 12-month low of $16.01 and a 12-month high of $21.24. The firm’s fifty day simple moving average is $17.95 and its two-hundred day simple moving average is $18.04. The firm has a market capitalization of $60.25 million, a P/E ratio of 50.00 and a beta of -0.15.

An institutional investor recently raised its position in Patriot Transportation stock. Minerva Advisors LLC boosted its holdings in shares of Patriot Transportation Holding Inc (NASDAQ:PATI) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,325 shares of the transportation company’s stock after acquiring an additional 1,426 shares during the period. Patriot Transportation accounts for approximately 2.3% of Minerva Advisors LLC’s investment portfolio, making the stock its 13th biggest position. Minerva Advisors LLC owned about 7.51% of Patriot Transportation worth $4,273,000 as of its most recent SEC filing. 48.62% of the stock is currently owned by institutional investors and hedge funds.

Patriot Transportation Company Profile

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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