Proficient Auto Logistics (NASDAQ:PAL) Receives 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. They currently have a $12.00 price objective on the stock.

Separately, Stifel Nicolaus set a $13.00 price objective on Proficient Auto Logistics in a research report on Tuesday.

Proficient Auto Logistics Trading Up 24.0%

PAL stock opened at $7.40 on Tuesday. The stock’s fifty day simple moving average is $7.18 and its two-hundred day simple moving average is $8.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.25 and a quick ratio of 1.25. Proficient Auto Logistics has a 1-year low of $5.88 and a 1-year high of $20.85.

Insiders Place Their Bets

In other Proficient Auto Logistics news, CEO Richard D. Odell sold 49,300 shares of the business’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $8.24, for a total value of $406,232.00. Following the transaction, the chief executive officer owned 836,172 shares of the company’s stock, valued at approximately $6,890,057.28. The trade was a 5.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PAL. Geode Capital Management LLC lifted its position in shares of Proficient Auto Logistics by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 367,933 shares of the company’s stock valued at $2,970,000 after buying an additional 20,181 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Proficient Auto Logistics by 37.9% during the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company’s stock valued at $70,000 after buying an additional 2,373 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Proficient Auto Logistics by 224.6% during the 4th quarter. Russell Investments Group Ltd. now owns 294,899 shares of the company’s stock valued at $2,380,000 after buying an additional 204,037 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Proficient Auto Logistics during the 4th quarter valued at $242,000. Finally, Barclays PLC lifted its position in shares of Proficient Auto Logistics by 15.3% during the 4th quarter. Barclays PLC now owns 25,324 shares of the company’s stock valued at $204,000 after buying an additional 3,365 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.