Proficient Auto Logistics, Inc. $PAL Position Increased by Boston Partners

Boston Partners boosted its stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 47.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,141,012 shares of the company’s stock after buying an additional 693,225 shares during the period. Boston Partners owned 7.91% of Proficient Auto Logistics worth $15,540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Proficient Auto Logistics by 27.5% during the 1st quarter. Bank of New York Mellon Corp now owns 42,945 shares of the company’s stock worth $359,000 after buying an additional 9,261 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Proficient Auto Logistics by 29.0% during the first quarter. Victory Capital Management Inc. now owns 14,345 shares of the company’s stock worth $120,000 after purchasing an additional 3,225 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 12,159 shares during the period. Nuveen LLC bought a new position in Proficient Auto Logistics during the 1st quarter valued at $229,000. Finally, Russell Investments Group Ltd. boosted its stake in Proficient Auto Logistics by 137.9% during the 1st quarter. Russell Investments Group Ltd. now owns 701,513 shares of the company’s stock valued at $5,872,000 after purchasing an additional 406,614 shares in the last quarter.

Insider Transactions at Proficient Auto Logistics

In related news, Director John Skiadas sold 41,100 shares of Proficient Auto Logistics stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $7.34, for a total transaction of $301,674.00. Following the completion of the transaction, the director directly owned 1,870,867 shares of the company’s stock, valued at $13,732,163.78. This trade represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 75,000 shares of company stock valued at $548,429 over the last three months. Corporate insiders own 13.90% of the company’s stock.

Proficient Auto Logistics Stock Performance

Shares of PAL opened at $8.14 on Friday. The company has a market capitalization of $226.40 million, a PE ratio of -406.75, a price-to-earnings-growth ratio of 24.15 and a beta of 2.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. Proficient Auto Logistics, Inc. has a one year low of $5.76 and a one year high of $11.37. The company’s fifty day moving average price is $6.91 and its 200 day moving average price is $7.27.

Analyst Ratings Changes

PAL has been the subject of several research reports. Barrington Research restated an “outperform” rating and set a $12.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, November 12th. Weiss Ratings restated a “sell (e+)” rating on shares of Proficient Auto Logistics in a report on Wednesday, October 8th. William Blair lowered shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Finally, Stifel Nicolaus set a $13.00 price target on Proficient Auto Logistics in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $12.50.

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.