Proficient Auto Logistics (NASDAQ:PAL) Given “Outperform” Rating at Barrington Research

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

A number of other analysts also recently issued reports on PAL. Raymond James lowered their price objective on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Stifel Nicolaus lowered their price target on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd.

Proficient Auto Logistics Stock Down 6.8 %

Shares of NASDAQ:PAL opened at $9.17 on Monday. The firm’s 50 day simple moving average is $9.36 and its 200 day simple moving average is $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, beating analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $91.50 million during the quarter, compared to analyst estimates of $89.54 million. Proficient Auto Logistics’s revenue for the quarter was down 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that Proficient Auto Logistics will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Proficient Auto Logistics

In other Proficient Auto Logistics news, CEO Richard D. Odell purchased 54,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was 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 of the company’s stock, valued at approximately $6,934,978.40. This represents a 7.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Proficient Auto Logistics

A number of hedge funds and other institutional investors have recently bought and sold shares of PAL. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Proficient Auto Logistics by 20.0% during the fourth quarter. Nicholas Hoffman & Company LLC. now owns 15,000 shares of the company’s stock worth $121,000 after purchasing an additional 2,500 shares during the period. Rhumbline Advisers lifted its holdings in Proficient Auto Logistics by 7.9% during the 4th quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock worth $137,000 after buying an additional 1,238 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Proficient Auto Logistics by 159,197.1% in the third quarter. JPMorgan Chase & Co. now owns 55,754 shares of the company’s stock valued at $791,000 after buying an additional 55,719 shares during the period. Lord Abbett & CO. LLC raised its position in shares of Proficient Auto Logistics by 40.5% during the third quarter. Lord Abbett & CO. LLC now owns 498,911 shares of the company’s stock worth $7,075,000 after acquiring an additional 143,697 shares during the last quarter. Finally, Barclays PLC acquired a new position in shares of Proficient Auto Logistics in the third quarter worth approximately $311,000.

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.