Proficient Auto Logistics, Inc. (NASDAQ:PAL) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its position in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,453,428 shares of the company's stock after purchasing an additional 160,032 shares during the quarter. American Century Companies Inc. owned 5.38% of Proficient Auto Logistics worth $11,729,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in Proficient Auto Logistics in the 4th quarter valued at approximately $49,000. Victory Capital Management Inc. purchased a new position in Proficient Auto Logistics in the fourth quarter valued at $90,000. Nicholas Hoffman & Company LLC. grew its stake 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 worth $121,000 after purchasing an additional 2,500 shares in the last quarter. MetLife Investment Management LLC acquired a new position in Proficient Auto Logistics during the 3rd quarter worth $129,000. Finally, Rhumbline Advisers increased 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 purchasing an additional 1,238 shares during the period.

Analysts Set New Price Targets

PAL has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on Proficient Auto Logistics from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday. Barrington Research reiterated an "outperform" rating and set a $15.00 price target on shares of Proficient Auto Logistics in a report on Wednesday, February 12th.

Proficient Auto Logistics Stock Performance

Shares of NASDAQ:PAL traded down $0.90 on Friday, hitting $7.36. 384,959 shares of the company's stock were exchanged, compared to its average volume of 282,538. 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, Inc. has a 1-year low of $7.13 and a 1-year high of $21.01. The firm's 50-day moving average is $9.82 and its 200 day moving average is $10.18.

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.