Deutsche Bank AG Invests $120,000 in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Deutsche Bank AG purchased a new position in Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,878 shares of the company’s stock, valued at approximately $120,000. Deutsche Bank AG owned approximately 0.06% of Proficient Auto Logistics as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PAL. American Century Companies Inc. lifted its stake in shares of Proficient Auto Logistics by 12.4% during the fourth quarter. American Century Companies Inc. now owns 1,453,428 shares of the company’s stock worth $11,729,000 after buying an additional 160,032 shares during the period. Alyeska Investment Group L.P. lifted its position in Proficient Auto Logistics by 5.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 458,991 shares of the company’s stock worth $3,704,000 after acquiring an additional 25,000 shares during the period. Geode Capital Management LLC lifted its position in Proficient Auto Logistics by 5.8% during the 4th 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. Franklin Resources Inc. lifted its position in Proficient Auto Logistics by 258.1% during the 4th quarter. Franklin Resources Inc. now owns 363,670 shares of the company’s stock worth $2,935,000 after acquiring an additional 262,123 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in Proficient Auto Logistics by 61.1% during the 4th quarter. First Eagle Investment Management LLC now owns 357,748 shares of the company’s stock worth $2,887,000 after acquiring an additional 135,720 shares during the period.

Analyst Ratings Changes

A number of research firms recently commented on PAL. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Proficient Auto Logistics in a report on Wednesday, February 12th. Stifel Nicolaus decreased their price objective on shares of Proficient Auto Logistics from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

Insider Buying and Selling at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 15,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $8.15, for a total value of $122,250.00. Following the completion of the transaction, the chief executive officer now owns 885,472 shares in the company, valued at approximately $7,216,596.80. This represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.90% of the stock is currently owned by corporate insiders.

Proficient Auto Logistics Trading Up 4.0%

Shares of PAL stock opened at $8.00 on Wednesday. The business has a 50-day simple moving average of $8.04 and a 200-day simple moving average of $9.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25. Proficient Auto Logistics, Inc. has a 52-week low of $6.81 and a 52-week high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The firm had revenue of $95.21 million during the quarter, compared to analyst estimates of $94.65 million. Research analysts predict that Proficient Auto Logistics, Inc. will post 0.34 earnings per share for the current year.

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.