Franklin Resources Inc. grew its stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 258.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 363,670 shares of the company's stock after acquiring an additional 262,123 shares during the quarter. Franklin Resources Inc. owned about 1.35% of Proficient Auto Logistics worth $2,935,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its position in Proficient Auto Logistics by 136.9% during the third quarter. Geode Capital Management LLC now owns 347,752 shares of the company's stock worth $4,932,000 after purchasing an additional 200,977 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Proficient Auto Logistics by 159,197.1% during the 3rd 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. State Street Corp increased its holdings in shares of Proficient Auto Logistics by 199.0% during the 3rd quarter. State Street Corp now owns 157,551 shares of the company's stock worth $2,234,000 after buying an additional 104,851 shares during the last quarter. Barclays PLC purchased a new position in shares of Proficient Auto Logistics in the 3rd quarter worth $311,000. Finally, Rhumbline Advisers boosted its holdings in Proficient Auto Logistics by 7.9% in the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company's stock valued at $137,000 after acquiring an additional 1,238 shares during the last quarter.
Analyst Ratings Changes
A number of equities analysts have recently commented on PAL shares. Barrington Research restated an "outperform" rating and issued a $15.00 price objective on shares of Proficient Auto Logistics in a report on Wednesday, February 12th. Stifel Nicolaus reduced their price target on shares of Proficient Auto Logistics from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Monday.
Get Our Latest Analysis on Proficient Auto Logistics
Proficient Auto Logistics Price Performance
NASDAQ:PAL traded up $0.27 during trading hours on Friday, reaching $7.55. 161,692 shares of the stock were exchanged, compared to its average volume of 285,096. Proficient Auto Logistics, Inc. has a 52 week low of $6.81 and a 52 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. The firm has a 50 day simple moving average of $9.45 and a 200-day simple moving average of $9.68.
Proficient Auto Logistics Company Profile
(
Free Report)
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.
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