WINTON GROUP Ltd acquired a new position in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 59,446 shares of the company's stock, valued at approximately $480,000. WINTON GROUP Ltd owned 0.22% of Proficient Auto Logistics at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Proficient Auto Logistics by 136.9% in the 3rd quarter. Geode Capital Management LLC now owns 347,752 shares of the company's stock valued at $4,932,000 after acquiring an additional 200,977 shares during the period. JPMorgan Chase & Co. boosted its position in Proficient Auto Logistics by 159,197.1% during the third quarter. JPMorgan Chase & Co. now owns 55,754 shares of the company's stock valued at $791,000 after purchasing an additional 55,719 shares in the last quarter. State Street Corp grew its stake in Proficient Auto Logistics by 199.0% in the third quarter. State Street Corp now owns 157,551 shares of the company's stock valued at $2,234,000 after purchasing an additional 104,851 shares during the last quarter. Barclays PLC bought a new position in Proficient Auto Logistics in the third quarter worth about $311,000. Finally, Rhumbline Advisers lifted its position in shares of Proficient Auto Logistics by 7.9% during the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company's stock valued at $137,000 after buying an additional 1,238 shares during the last quarter.
Wall Street Analysts Forecast Growth
PAL has been the topic of several analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Proficient Auto Logistics in a report on Wednesday, February 12th. Stifel Nicolaus upped their target price on Proficient Auto Logistics from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday.
Read Our Latest Research Report on PAL
Proficient Auto Logistics Stock Performance
Shares of NASDAQ:PAL traded down $0.90 during midday trading on Friday, reaching $7.36. The company's stock had a trading volume of 384,959 shares, compared to its average volume of 282,538. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average of $9.82 and a 200 day moving average of $10.28. Proficient Auto Logistics, Inc. has a twelve month low of $7.12 and a twelve month high of $21.01.
Proficient Auto Logistics 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.
Further Reading
Before you consider Proficient Auto Logistics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Proficient Auto Logistics wasn't on the list.
While Proficient Auto Logistics currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
