Proficient Auto Logistics (NASDAQ:PAL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Proficient Auto Logistics (NASDAQ:PAL) from a sell rating to a hold rating in a research report sent to investors on Saturday.

Other analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Barrington Research set a $10.00 target price on shares of Proficient Auto Logistics in a research note on Monday, May 11th. Finally, Zacks Research raised shares of Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Proficient Auto Logistics Stock Performance

PAL stock opened at $7.01 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $194.67 million, a price-to-earnings ratio of -5.27 and a beta of 1.27. Proficient Auto Logistics has a 1 year low of $4.85 and a 1 year high of $10.97. The stock’s fifty day moving average is $6.73 and its two-hundred day moving average is $7.33.

Insider Activity at Proficient Auto Logistics

In related news, CEO Richard D. Odell sold 33,743 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $5.08, for a total transaction of $171,414.44. Following the transaction, the chief executive officer owned 964,099 shares in the company, valued at $4,897,622.92. This trade represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 14.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of institutional investors have recently added to or reduced their stakes in PAL. Royce & Associates LP acquired a new position in shares of Proficient Auto Logistics during the 4th quarter valued at $5,835,000. Empowered Funds LLC lifted its holdings in shares of Proficient Auto Logistics by 1,237.9% in the first quarter. Empowered Funds LLC now owns 219,169 shares of the company’s stock valued at $1,486,000 after buying an additional 202,788 shares during the period. 4D Advisors LLC acquired a new stake in shares of Proficient Auto Logistics in the fourth quarter valued at $1,928,000. Boston Partners lifted its holdings in shares of Proficient Auto Logistics by 6.9% in the third quarter. Boston Partners now owns 2,288,113 shares of the company’s stock valued at $15,763,000 after buying an additional 147,101 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Proficient Auto Logistics by 31.2% during the third quarter. Franklin Resources Inc. now owns 525,744 shares of the company’s stock valued at $3,622,000 after buying an additional 124,920 shares in the last quarter.

Proficient Auto Logistics Company Profile

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.