Aperture Investors LLC Buys Shares of 111,573 Proficient Auto Logistics, Inc. $PAL

Key Points

• Aperture Investors LLC has acquired a new stake in Proficient Auto Logistics, Inc., purchasing 111,573 shares valued at approximately $934,000, amounting to 0.41% ownership.
• Boston Partners has significantly increased its holdings in the company by 1,602.6%, now owning 1,447,787 shares worth around $12.1 million.
• Wall Street analysts have set target prices for Proficient Auto Logistics between $12.00 and $14.67, with an overall average rating of "Buy" for the stock.

Aperture Investors LLC acquired a new stake in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 111,573 shares of the company's stock, valued at approximately $934,000. Aperture Investors LLC owned 0.41% of Proficient Auto Logistics at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its position in shares of Proficient Auto Logistics by 37.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,640 shares of the company's stock worth $70,000 after buying an additional 2,373 shares during the period. Corebridge Financial Inc. grew its position in shares of Proficient Auto Logistics by 33.6% in the 1st quarter. Corebridge Financial Inc. now owns 10,409 shares of the company's stock worth $87,000 after buying an additional 2,619 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Proficient Auto Logistics in the 4th quarter worth about $96,000. MetLife Investment Management LLC purchased a new stake in shares of Proficient Auto Logistics in the 1st quarter worth about $111,000. Finally, Victory Capital Management Inc. grew its position in shares of Proficient Auto Logistics by 29.0% in the 1st quarter. Victory Capital Management Inc. now owns 14,345 shares of the company's stock worth $120,000 after buying an additional 3,225 shares during the period.

Proficient Auto Logistics Stock Performance

PAL traded down $0.24 during midday trading on Wednesday, hitting $7.48. 26,211 shares of the company traded hands, compared to its average volume of 249,425. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 1.16. The company's 50-day moving average is $7.41 and its 200 day moving average is $8.16. Proficient Auto Logistics, Inc. has a 52 week low of $5.88 and a 52 week high of $19.25.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAL. Barrington Research reaffirmed an "outperform" rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a research report on Tuesday, August 12th. Stifel Nicolaus set a $13.00 target price on shares of Proficient Auto Logistics in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $14.67.

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.