Charles Schwab Investment Management Inc. Purchases 12,159 Shares of Proficient Auto Logistics, Inc. $PAL

Charles Schwab Investment Management Inc. increased its position in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 9.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 146,805 shares of the company’s stock after buying an additional 12,159 shares during the period. Charles Schwab Investment Management Inc. owned about 0.54% of Proficient Auto Logistics worth $1,229,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PAL. Wells Fargo & Company MN boosted its holdings in Proficient Auto Logistics by 37.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company’s stock worth $70,000 after buying an additional 2,373 shares during the period. Barclays PLC boosted its holdings in Proficient Auto Logistics by 15.3% in the 4th quarter. Barclays PLC now owns 25,324 shares of the company’s stock worth $204,000 after buying an additional 3,365 shares during the period. Marshall Wace LLP boosted its holdings in Proficient Auto Logistics by 122.4% in the 4th quarter. Marshall Wace LLP now owns 31,970 shares of the company’s stock worth $258,000 after buying an additional 17,597 shares during the period. Northern Trust Corp boosted its holdings in Proficient Auto Logistics by 4.8% in the 4th quarter. Northern Trust Corp now owns 127,956 shares of the company’s stock worth $1,033,000 after buying an additional 5,850 shares during the period. Finally, Alyeska Investment Group L.P. boosted its holdings in Proficient Auto Logistics by 5.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 458,991 shares of the company’s stock worth $3,704,000 after buying an additional 25,000 shares during the period.

Proficient Auto Logistics Stock Performance

Shares of NASDAQ:PAL opened at $7.90 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.20. Proficient Auto Logistics, Inc. has a 12 month low of $5.88 and a 12 month high of $19.43. The company has a 50-day moving average price of $7.39 and a 200 day moving average price of $8.16.

Wall Street Analyst Weigh In

Several research firms have commented on PAL. Stifel Nicolaus set a $13.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Barrington Research reissued an “outperform” rating and set a $12.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $14.67.

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.