Proficient Auto Logistics, Inc. $PAL Shares Bought by Boston Partners

Boston Partners boosted its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,501,550 shares of the company’s stock after purchasing an additional 53,763 shares during the quarter. Boston Partners owned approximately 5.55% of Proficient Auto Logistics worth $10,898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bastion Asset Management Inc. acquired a new position in shares of Proficient Auto Logistics during the 1st quarter worth approximately $3,455,000. Russell Investments Group Ltd. raised its position in Proficient Auto Logistics by 137.9% during the first quarter. Russell Investments Group Ltd. now owns 701,513 shares of the company’s stock worth $5,872,000 after acquiring an additional 406,614 shares during the period. Next Century Growth Investors LLC acquired a new position in Proficient Auto Logistics during the first quarter worth $1,911,000. Diamond Hill Capital Management Inc. lifted its holdings in Proficient Auto Logistics by 54.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 389,753 shares of the company’s stock valued at $3,262,000 after purchasing an additional 136,723 shares in the last quarter. Finally, AYAL Capital Advisors Ltd grew its position in shares of Proficient Auto Logistics by 41.2% in the first quarter. AYAL Capital Advisors Ltd now owns 453,459 shares of the company’s stock valued at $3,795,000 after purchasing an additional 132,359 shares during the period.

Wall Street Analysts Forecast Growth

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

Proficient Auto Logistics Price Performance

NASDAQ:PAL opened at $7.80 on Friday. Proficient Auto Logistics, Inc. has a one year low of $5.76 and a one year high of $11.37. The stock has a market cap of $216.76 million, a PE ratio of 260.00, a P/E/G ratio of 13.15 and a beta of 2.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average price of $6.86 and a 200 day moving average price of $7.32.

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.