Proficient Auto Logistics’ (PAL) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a research note released on Friday,Benzinga reports. The firm currently has a $12.00 price objective on the stock.

A number of other research analysts have also commented on PAL. Weiss Ratings reiterated a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Stifel Nicolaus upped their price objective on Proficient Auto Logistics from $11.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.00.

Proficient Auto Logistics Price Performance

NASDAQ:PAL opened at $10.04 on Friday. The company has a market cap of $279.41 million, a P/E ratio of -502.00, a P/E/G ratio of 2.01 and a beta of 2.18. The firm’s fifty day moving average price is $9.36 and its two-hundred day moving average price is $7.92. Proficient Auto Logistics has a one year low of $5.76 and a one year high of $11.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14.

Insider Buying and Selling

In other news, Director John Skiadas sold 41,100 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $7.34, for a total value of $301,674.00. Following the completion of the transaction, the director directly owned 1,870,867 shares in the company, valued at approximately $13,732,163.78. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 75,000 shares of company stock valued at $548,429. 13.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of hedge funds have recently made changes to their positions in PAL. FNY Investment Advisers LLC increased its position in Proficient Auto Logistics by 44.6% during the 3rd quarter. FNY Investment Advisers LLC now owns 5,800 shares of the company’s stock worth $39,000 after purchasing an additional 1,789 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Proficient Auto Logistics by 15.0% during the third quarter. Alliancebernstein L.P. now owns 13,800 shares of the company’s stock worth $95,000 after buying an additional 1,800 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Proficient Auto Logistics by 77.7% during the third quarter. BNP Paribas Financial Markets now owns 4,517 shares of the company’s stock worth $31,000 after buying an additional 1,975 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Proficient Auto Logistics by 44.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock worth $105,000 after buying an additional 3,866 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Proficient Auto Logistics by 1.7% in the 2nd quarter. Franklin Resources Inc. now owns 400,824 shares of the company’s stock valued at $2,910,000 after acquiring an additional 6,794 shares during the last quarter.

About Proficient Auto Logistics

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.