Proficient Auto Logistics (NASDAQ:PAL) Given New $15.00 Price Target at Barrington Research

Proficient Auto Logistics (NASDAQ:PAL) had its price objective trimmed by Barrington Research from $17.00 to $15.00 in a report released on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on PAL. Raymond James lowered their target price on Proficient Auto Logistics from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Stifel Nicolaus decreased their price objective on Proficient Auto Logistics from $21.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 17th.

Proficient Auto Logistics Stock Up 0.3 %

NASDAQ:PAL traded up $0.03 on Tuesday, reaching $9.18. The company’s stock had a trading volume of 29,008 shares, compared to its average volume of 267,234. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $12.70. Proficient Auto Logistics has a 1-year low of $8.06 and a 1-year high of $21.01.

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 analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $91.50 million for the quarter, compared to the consensus estimate of $89.54 million. Proficient Auto Logistics’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, equities analysts expect that Proficient Auto Logistics will post 0.51 earnings per share for the current year.

Insider Buying and Selling at Proficient Auto Logistics

In other news, Director James B. Gattoni bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average cost of $18.98 per share, with a total value of $379,600.00. Following the completion of the purchase, the director now owns 20,000 shares of the company’s stock, valued at $379,600. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Proficient Auto Logistics

Large investors have recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in shares of Proficient Auto Logistics during the 3rd quarter worth approximately $152,000. Walleye Capital LLC lifted its holdings in Proficient Auto Logistics by 48.9% during the 3rd quarter. Walleye Capital LLC now owns 103,391 shares of the company’s stock valued at $1,466,000 after purchasing an additional 33,958 shares during the last quarter. De Lisle Partners LLP boosted its position in Proficient Auto Logistics by 23.8% during the third quarter. De Lisle Partners LLP now owns 557,000 shares of the company’s stock worth $7,906,000 after purchasing an additional 107,000 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Proficient Auto Logistics in the third quarter valued at $129,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Proficient Auto Logistics in the third quarter valued at about $294,000.

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.