Zacks Research upgraded shares of Proficient Auto Logistics (NASDAQ:PAL – Free Report) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks reports.
A number of other research analysts also recently weighed in on PAL. Wall Street Zen upgraded shares of Proficient Auto Logistics from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut shares of Proficient Auto Logistics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. Barrington Research set a $12.00 target price on shares of Proficient Auto Logistics in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus raised their target price on Proficient Auto Logistics from $9.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.
Read Our Latest Stock Analysis on Proficient Auto Logistics
Proficient Auto Logistics Price Performance
Insider Activity at Proficient Auto Logistics
In other Proficient Auto Logistics news, Director Rohit Lal purchased 40,000 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average cost of $5.43 per share, for a total transaction of $217,200.00. Following the completion of the acquisition, the director directly owned 61,903 shares in the company, valued at $336,133.29. This represents a 182.62% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 54,995 shares of company stock worth $300,222 in the last three months. 14.20% of the stock is owned by insiders.
Hedge Funds Weigh In On Proficient Auto Logistics
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Proficient Auto Logistics during the 2nd quarter worth approximately $11,013,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Proficient Auto Logistics in the second quarter valued at $7,322,000. Royce & Associates LP bought a new position in Proficient Auto Logistics in the fourth quarter worth $5,835,000. De Lisle Partners LLP acquired a new stake in Proficient Auto Logistics during the second quarter worth $3,914,000. Finally, Empowered Funds LLC acquired a new stake in Proficient Auto Logistics during the second quarter worth $1,573,000.
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. It serves auto companies, electric vehicle producers, auto dealers, auto auctions, rental car companies, and auto leasing companies.
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