Proficient Auto Logistics (NASDAQ:PAL) Earns Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a report published on Monday,Benzinga reports. Barrington Research currently has a $15.00 price target on the stock.

Other research analysts have also issued research reports about the company. Stifel Nicolaus reduced their target price on Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. Raymond James lowered their price objective on Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th.

Proficient Auto Logistics Stock Performance

PAL stock opened at $9.17 on Monday. The stock has a fifty day moving average of $9.36 and a 200-day moving average of $13.00. Proficient Auto Logistics has a fifty-two week low of $7.24 and a fifty-two week high of $21.01. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.16.

Proficient Auto Logistics (NASDAQ:PAL) last posted its earnings results on Friday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $91.50 million for the quarter, compared to analysts’ expectations of $89.54 million. The business’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Proficient Auto Logistics will post 0.4 EPS for the current fiscal year.

Insider Activity at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell bought 54,000 shares of Proficient Auto Logistics stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of $9.20 per share, with a total value of $496,800.00. Following the acquisition, the chief executive officer now owns 753,802 shares in the company, valued at approximately $6,934,978.40. This trade represents a 7.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Proficient Auto Logistics

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Proficient Auto Logistics in the 3rd quarter valued at about $104,000. Nicholas Hoffman & Company LLC. increased its position in Proficient Auto Logistics by 20.0% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock valued at $121,000 after purchasing an additional 2,500 shares during the period. MetLife Investment Management LLC purchased a new stake in shares of Proficient Auto Logistics in the 3rd quarter worth about $129,000. Rhumbline Advisers boosted its position in Proficient Auto Logistics by 7.9% during the 4th quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock valued at $137,000 after acquiring an additional 1,238 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Proficient Auto Logistics in the 3rd quarter worth approximately $152,000.

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.