Proficient Auto Logistics (NASDAQ:PAL) Earns “Outperform” Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a $12.00 target price on the stock.

Several other equities research analysts have also recently issued reports on the stock. William Blair cut shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Stifel Nicolaus set a $13.00 price target on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

Proficient Auto Logistics Stock Performance

Shares of PAL opened at $6.82 on Tuesday. The business’s 50 day moving average is $7.40 and its 200 day moving average is $7.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 1.16. Proficient Auto Logistics has a 12-month low of $5.88 and a 12-month high of $16.00.

Hedge Funds Weigh In On Proficient Auto Logistics

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its holdings in shares of Proficient Auto Logistics by 138.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 105,585 shares of the company’s stock worth $884,000 after buying an additional 61,272 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Proficient Auto Logistics by 9.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 146,805 shares of the company’s stock worth $1,229,000 after acquiring an additional 12,159 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Proficient Auto Logistics during the fourth quarter worth approximately $96,000. Bank of New York Mellon Corp raised its position in Proficient Auto Logistics by 27.5% during the first quarter. Bank of New York Mellon Corp now owns 42,945 shares of the company’s stock valued at $359,000 after purchasing an additional 9,261 shares during the period. Finally, Northern Trust Corp raised its position in Proficient Auto Logistics by 4.8% during the fourth quarter. Northern Trust Corp now owns 127,956 shares of the company’s stock valued at $1,033,000 after purchasing an additional 5,850 shares during the period.

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.