Proficient Auto Logistics, Inc. $PAL Position Boosted by American Century Companies Inc.

American Century Companies Inc. increased its position in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 18.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,795,883 shares of the company’s stock after purchasing an additional 276,269 shares during the period. American Century Companies Inc. owned 6.63% of Proficient Auto Logistics worth $13,038,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Proficient Auto Logistics by 70.0% in the 2nd quarter. Rhumbline Advisers now owns 30,202 shares of the company’s stock worth $219,000 after acquiring an additional 12,433 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Proficient Auto Logistics by 1.7% during the 2nd quarter. Franklin Resources Inc. now owns 400,824 shares of the company’s stock valued at $2,910,000 after acquiring an additional 6,794 shares in the last quarter. Geode Capital Management LLC lifted its stake in Proficient Auto Logistics by 8.7% during the second quarter. Geode Capital Management LLC now owns 491,654 shares of the company’s stock worth $3,570,000 after purchasing an additional 39,338 shares during the last quarter. Boston Partners lifted its stake in Proficient Auto Logistics by 3.7% during the second quarter. Boston Partners now owns 1,501,550 shares of the company’s stock worth $10,898,000 after purchasing an additional 53,763 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Proficient Auto Logistics by 25.7% in the second quarter. First Eagle Investment Management LLC now owns 516,473 shares of the company’s stock worth $3,750,000 after purchasing an additional 105,725 shares during the period.

Insider Buying and Selling

In other Proficient Auto Logistics news, Director John Skiadas sold 41,100 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $7.34, for a total value of $301,674.00. Following the sale, the director owned 1,870,867 shares in the company, valued at approximately $13,732,163.78. This trade represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 75,000 shares of company stock valued at $548,429. 13.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on PAL shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Proficient Auto Logistics in a report on Wednesday, October 8th. William Blair downgraded shares of Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a research report on Friday, September 12th. Stifel Nicolaus set a $13.00 price objective on shares of Proficient Auto Logistics in a research note on Tuesday, August 12th. Finally, Barrington Research reissued an “outperform” rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Proficient Auto Logistics has an average rating of “Hold” and an average target price of $12.50.

Proficient Auto Logistics Stock Up 2.1%

PAL stock opened at $9.19 on Thursday. The stock has a market cap of $255.76 million, a PE ratio of -459.50, a price-to-earnings-growth ratio of 26.67 and a beta of 2.40. The firm’s 50-day simple moving average is $7.02 and its 200 day simple moving average is $7.28. Proficient Auto Logistics, Inc. has a fifty-two week low of $5.76 and a fifty-two week high of $11.37. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.17.

Proficient Auto Logistics 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.