Proficient Auto Logistics (NASDAQ:PAL) PT Lowered to $21.00 at Stifel Nicolaus

Proficient Auto Logistics (NASDAQ:PAL) had its price target decreased by Stifel Nicolaus from $22.00 to $21.00 in a research report sent to investors on Friday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Raymond James lifted their price objective on shares of Proficient Auto Logistics from $18.00 to $21.00 and gave the stock an outperform rating in a research note on Monday, August 12th. Barrington Research reiterated an outperform rating and set a $22.00 price objective on shares of Proficient Auto Logistics in a research note on Friday, September 20th. Finally, William Blair started coverage on shares of Proficient Auto Logistics in a research note on Monday, June 3rd. They set an outperform rating for the company.

Proficient Auto Logistics Price Performance

Shares of PAL opened at $14.18 on Friday. Proficient Auto Logistics has a twelve month low of $14.06 and a twelve month high of $21.01. The company has a 50 day moving average price of $18.34.

Proficient Auto Logistics (NASDAQ:PAL) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.20 by $0.08. The company had revenue of $106.61 million for the quarter, compared to analyst estimates of $101.69 million. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Proficient Auto Logistics will post 0.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Proficient Auto Logistics news, Director James B. Gattoni bought 20,000 shares of Proficient Auto Logistics stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of $18.98 per share, with a total value of $379,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at approximately $379,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new position in Proficient Auto Logistics in the second quarter valued at $1,867,000. AYAL Capital Advisors Ltd purchased a new position in Proficient Auto Logistics in the second quarter valued at $5,220,000. Emerald Advisers LLC purchased a new position in Proficient Auto Logistics in the second quarter valued at $1,172,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Proficient Auto Logistics during the second quarter worth about $12,077,000. Finally, Hood River Capital Management LLC purchased a new stake in shares of Proficient Auto Logistics during the second quarter worth about $5,600,000.

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.