Proficient Auto Logistics (NASDAQ:PAL) Stock Rating Upgraded by Wall Street Zen

Proficient Auto Logistics (NASDAQ:PAL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also recently commented on PAL. Weiss Ratings upgraded Proficient Auto Logistics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. Barrington Research set a $10.00 price objective on shares of Proficient Auto Logistics in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Proficient Auto Logistics from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Proficient Auto Logistics Stock Performance

NASDAQ PAL opened at $6.84 on Friday. The company has a fifty day moving average of $6.69 and a two-hundred day moving average of $7.35. The company has a market capitalization of $189.95 million, a PE ratio of -5.14 and a beta of 1.27. Proficient Auto Logistics has a 1 year low of $4.85 and a 1 year high of $10.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.06 and a quick ratio of 1.06.

Insider Transactions at Proficient Auto Logistics

In other news, CEO Richard D. Odell sold 33,743 shares of Proficient Auto Logistics stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $5.08, for a total transaction of $171,414.44. Following the completion of the sale, the chief executive officer directly owned 964,099 shares in the company, valued at approximately $4,897,622.92. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 14.20% of the company’s stock.

Hedge Funds Weigh In On Proficient Auto Logistics

Hedge funds have recently bought and sold shares of the company. Boston Partners boosted its position in Proficient Auto Logistics by 6.9% during the third quarter. Boston Partners now owns 2,288,113 shares of the company’s stock worth $15,763,000 after purchasing an additional 147,101 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Proficient Auto Logistics by 7.9% in the third quarter. Vanguard Group Inc. now owns 1,135,623 shares of the company’s stock valued at $7,824,000 after buying an additional 83,148 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Proficient Auto Logistics by 7.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 906,345 shares of the company’s stock valued at $8,737,000 after buying an additional 62,846 shares in the last quarter. Millennium Management LLC raised its stake in shares of Proficient Auto Logistics by 5.9% during the 1st quarter. Millennium Management LLC now owns 634,277 shares of the company’s stock worth $5,309,000 after buying an additional 35,335 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Proficient Auto Logistics by 4.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 626,442 shares of the company’s stock worth $4,316,000 after buying an additional 26,833 shares during the last quarter.

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.