American Century Companies Inc. Has $12.72 Million Stock Position in Proficient Auto Logistics, Inc. $PAL

Key Points

• American Century Companies Inc. increased its stake in Proficient Auto Logistics by 4.6%, acquiring an additional 66,186 shares and totaling 1,519,614 shares valued at approximately $12.7 million.
• Multiple hedge funds made significant adjustments to their investments, with Wells Fargo and Victory Capital boosting their stakes by 37.9% and 29.0%, respectively.
• Proficient Auto Logistics currently has an average analyst rating of "Buy" and a consensus target price of $14.67, despite its shares recently trading down by 1.2% to $8.22.

American Century Companies Inc. lifted its stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 4.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,519,614 shares of the company's stock after purchasing an additional 66,186 shares during the quarter. American Century Companies Inc. owned about 5.61% of Proficient Auto Logistics worth $12,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Proficient Auto Logistics by 37.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company's stock valued at $70,000 after acquiring an additional 2,373 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Proficient Auto Logistics during the 4th quarter worth $96,000. Deutsche Bank AG bought a new stake in shares of Proficient Auto Logistics during the 4th quarter worth $120,000. Victory Capital Management Inc. lifted its holdings in shares of Proficient Auto Logistics by 29.0% in the first quarter. Victory Capital Management Inc. now owns 14,345 shares of the company's stock valued at $120,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Proficient Auto Logistics by 15.3% during the fourth quarter. Barclays PLC now owns 25,324 shares of the company's stock worth $204,000 after acquiring an additional 3,365 shares in the last quarter.

Analyst Upgrades and Downgrades

PAL has been the subject of several recent research reports. Stifel Nicolaus set a $13.00 price objective on Proficient Auto Logistics in a report on Tuesday, August 12th. Barrington Research reaffirmed an "outperform" rating and set a $12.00 price objective on shares of Proficient Auto Logistics in a report on Tuesday, August 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $14.67.

Proficient Auto Logistics Price Performance

PAL remained flat at $7.90 during trading on Friday. 175,455 shares of the company's stock were exchanged, compared to its average volume of 182,061. The firm has a fifty day moving average of $7.37 and a two-hundred day moving average of $8.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.16 and a current ratio of 1.16. Proficient Auto Logistics, Inc. has a 12-month low of $5.88 and a 12-month high of $19.43.

Proficient Auto Logistics 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.