Barrington Research Reaffirms Outperform Rating for Proficient Auto Logistics (NASDAQ:PAL)

Proficient Auto Logistics (NASDAQ:PAL)‘s stock had its “outperform” rating restated by equities researchers at Barrington Research in a report released on Wednesday,Benzinga reports. They currently have a $15.00 price target on the stock. Barrington Research’s price target would indicate a potential upside of 35.62% from the company’s current price.

Separately, Stifel Nicolaus decreased their price objective on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, January 23rd.

Proficient Auto Logistics Stock Up 1.0 %

Shares of Proficient Auto Logistics stock opened at $11.06 on Wednesday. The company has a 50-day simple moving average of $9.25 and a two-hundred day simple moving average of $12.52. Proficient Auto Logistics has a 52-week low of $7.24 and a 52-week high of $21.01. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16.

Institutional Trading of Proficient Auto Logistics

Large investors have recently made changes to their positions in the stock. American Century Companies Inc. boosted its holdings in Proficient Auto Logistics by 12.4% in the fourth quarter. American Century Companies Inc. now owns 1,453,428 shares of the company’s stock worth $11,729,000 after purchasing an additional 160,032 shares during the last quarter. De Lisle Partners LLP lifted its holdings in shares of Proficient Auto Logistics by 23.8% during the 3rd quarter. De Lisle Partners LLP now owns 557,000 shares of the company’s stock valued at $7,906,000 after buying an additional 107,000 shares during the period. Lord Abbett & CO. LLC boosted its stake in shares of Proficient Auto Logistics by 40.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 498,911 shares of the company’s stock worth $7,075,000 after buying an additional 143,697 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Proficient Auto Logistics by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 367,933 shares of the company’s stock worth $2,970,000 after acquiring an additional 20,181 shares during the period. Finally, Franklin Resources Inc. increased its position in Proficient Auto Logistics by 258.1% during the fourth quarter. Franklin Resources Inc. now owns 363,670 shares of the company’s stock valued at $2,935,000 after acquiring an additional 262,123 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.