Proficient Auto Logistics’ (PAL) Outperform Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Proficient Auto Logistics (NASDAQ:PAL) in a report issued on Friday morning, Benzinga reports. They currently have a $22.00 price objective on the stock.

Several other brokerages have also recently commented on PAL. William Blair started coverage on shares of Proficient Auto Logistics in a research note on Monday, June 3rd. They issued an outperform rating for the company. Stifel Nicolaus started coverage on Proficient Auto Logistics in a research note on Monday, June 3rd. They set a buy rating and a $19.00 price target on the stock. Finally, Raymond James raised their price objective on Proficient Auto Logistics from $18.00 to $21.00 and gave the company an outperform rating in a research note on Monday, August 12th.

Proficient Auto Logistics Stock Performance

Shares of PAL opened at $16.44 on Friday. The firm has a 50 day simple moving average of $18.57. Proficient Auto Logistics has a twelve month low of $14.50 and a twelve month high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.08. The business had revenue of $106.61 million for the quarter, compared to analyst estimates of $101.69 million. The firm’s revenue was up 5.8% compared to the same quarter last year. Analysts expect that Proficient Auto Logistics will post 0.84 EPS for the current year.

Insider Buying and Selling at Proficient Auto Logistics

In other Proficient Auto Logistics news, Director James B. Gattoni purchased 20,000 shares of Proficient Auto Logistics stock in a transaction on Tuesday, August 20th. The shares were bought at an average price of $18.98 per share, with a total value of $379,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at $379,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Proficient Auto Logistics

Several institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in shares of Proficient Auto Logistics during the second quarter valued at approximately $176,000. Federated Hermes Inc. purchased a new position in shares of Proficient Auto Logistics during the 2nd quarter worth $257,000. Blair William & Co. IL acquired a new stake in shares of Proficient Auto Logistics during the second quarter worth $660,000. Marshall Wace LLP purchased a new stake in shares of Proficient Auto Logistics in the second quarter valued at $1,082,000. Finally, Emerald Advisers LLC acquired a new position in Proficient Auto Logistics in the second quarter valued at $1,172,000.

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.