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

Proficient Auto Logistics (NASDAQ:PAL - Free Report) had its target price decreased by Barrington Research from $17.00 to $15.00 in a research report report published on Tuesday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

PAL has been the subject of several other research reports. Stifel Nicolaus lowered their price target 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. Raymond James dropped their target price on shares of Proficient Auto Logistics from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Monday, October 14th.

Proficient Auto Logistics Stock Performance

Proficient Auto Logistics stock traded down $0.36 during mid-day trading on Tuesday, hitting $9.25. The company had a trading volume of 323,555 shares, compared to its average volume of 269,647. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $13.25. Proficient Auto Logistics has a 1 year low of $8.06 and a 1 year high of $21.01.

Proficient Auto Logistics (NASDAQ:PAL - Get Free Report) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $91.50 million for the quarter, compared to analyst estimates of $89.54 million. The firm's revenue was down 12.5% compared to the same quarter last year. Research analysts forecast that Proficient Auto Logistics will post 0.51 EPS for the current fiscal year.

Insider Buying and Selling at Proficient Auto Logistics

In other Proficient Auto Logistics news, Director James B. Gattoni bought 20,000 shares of Proficient Auto Logistics stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of $18.98 per share, for a total transaction of $379,600.00. Following the purchase, the director now owns 20,000 shares in the company, valued at $379,600. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Proficient Auto Logistics by 53.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,733 shares of the company's stock valued at $1,896,000 after buying an additional 46,312 shares during the last quarter. Mutual of America Capital Management LLC bought a new position in Proficient Auto Logistics in the 3rd quarter worth approximately $1,383,000. Diamond Hill Capital Management Inc. bought a new stake in shares of Proficient Auto Logistics during the third quarter valued at approximately $1,362,000. Nicholas Hoffman & Company LLC. bought a new stake in shares of Proficient Auto Logistics during the third quarter valued at approximately $177,000. Finally, Wedge Capital Management L L P NC acquired a new stake in Proficient Auto Logistics in the 3rd quarter valued at $1,691,000.

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.