Proficient Auto Logistics, Inc. (NASDAQ:PAL – Get Free Report) has earned an average rating of “Hold” from the five research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.00.
PAL has been the topic of several research reports. Barrington Research set a $10.00 price objective on Proficient Auto Logistics in a report on Monday, May 11th. Weiss Ratings raised Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Wall Street Zen downgraded Proficient Auto Logistics from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Zacks Research raised Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th.
Read Our Latest Research Report on Proficient Auto Logistics
Proficient Auto Logistics Stock Performance
Insiders Place Their Bets
In other Proficient Auto Logistics news, CEO Richard D. Odell sold 27,191 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $5.03, for a total transaction of $136,770.73. Following the completion of the sale, the chief executive officer directly owned 936,908 shares of the company’s stock, valued at approximately $4,712,647.24. The trade was a 2.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 14.20% of the company’s stock.
Institutional Investors Weigh In On Proficient Auto Logistics
Several institutional investors have recently modified their holdings of PAL. Royce & Associates LP acquired a new position in Proficient Auto Logistics in the fourth quarter valued at approximately $5,835,000. Brightlight Capital Management LP boosted its stake in Proficient Auto Logistics by 23.7% in the fourth quarter. Brightlight Capital Management LP now owns 358,700 shares of the company’s stock valued at $3,458,000 after acquiring an additional 68,623 shares during the last quarter. 4D Advisors LLC acquired a new stake in Proficient Auto Logistics during the 4th quarter worth $1,928,000. Nuveen LLC grew its holdings in Proficient Auto Logistics by 59.2% during the 4th quarter. Nuveen LLC now owns 43,659 shares of the company’s stock worth $421,000 after acquiring an additional 16,243 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Proficient Auto Logistics by 50.1% during the 4th quarter. Wells Fargo & Company MN now owns 27,172 shares of the company’s stock valued at $262,000 after acquiring an additional 9,073 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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.
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