Boston Partners Grows Stake in Proficient Auto Logistics, Inc. $PAL

Key Points

• Boston Partners significantly increased its stake in Proficient Auto Logistics by 1,602.6%, acquiring an additional 1,362,751 shares, bringing its total to 1,447,787 shares valued at approximately $12.1 million.
• Several institutional investors, including Bastion Asset Management and Russell Investments Group, also increased their holdings in Proficient Auto Logistics during the first quarter.
• Wall Street analysts have set price targets for the company's stock, with Stifel Nicolaus at $13 and Barrington Research at $12, indicating a positive outlook for Proficient Auto Logistics.

Boston Partners boosted its position in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 1,602.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,447,787 shares of the company's stock after buying an additional 1,362,751 shares during the period. Boston Partners owned approximately 5.35% of Proficient Auto Logistics worth $12,116,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in shares of Proficient Auto Logistics by 137.9% in the 1st quarter. Russell Investments Group Ltd. now owns 701,513 shares of the company's stock valued at $5,872,000 after purchasing an additional 406,614 shares during the last quarter. Nuveen LLC bought a new stake in shares of Proficient Auto Logistics in the 1st quarter valued at approximately $229,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Proficient Auto Logistics by 9.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,805 shares of the company's stock valued at $1,229,000 after purchasing an additional 12,159 shares during the last quarter. Bastion Asset Management Inc. bought a new stake in shares of Proficient Auto Logistics in the 1st quarter valued at approximately $3,455,000. Finally, Brookwood Investment Group LLC bought a new stake in shares of Proficient Auto Logistics in the 1st quarter valued at approximately $519,000.

Proficient Auto Logistics Price Performance

Shares of PAL stock traded up $0.1130 on Thursday, reaching $7.7530. 20,495 shares of the company's stock were exchanged, compared to its average volume of 254,185. Proficient Auto Logistics, Inc. has a 52 week low of $5.88 and a 52 week high of $20.58. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 1.25. The company's fifty day simple moving average is $7.23 and its 200 day simple moving average is $8.28.

Analyst Upgrades and Downgrades

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

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.