Goldman Sachs Group Inc. Has $884,000 Holdings in Proficient Auto Logistics, Inc. $PAL

Goldman Sachs Group Inc. lifted its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL - Free Report) by 138.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,585 shares of the company's stock after purchasing an additional 61,272 shares during the period. Goldman Sachs Group Inc. owned 0.39% of Proficient Auto Logistics worth $884,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in PAL. Jones Financial Companies Lllp acquired a new stake in Proficient Auto Logistics during the first quarter worth about $73,000. Corebridge Financial Inc. boosted its holdings 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 acquiring an additional 2,619 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Proficient Auto Logistics in the 4th quarter worth approximately $96,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Proficient Auto Logistics by 44.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company's stock worth $105,000 after purchasing an additional 3,866 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new position in Proficient Auto Logistics in the 1st quarter worth approximately $111,000.

Proficient Auto Logistics Price Performance

Proficient Auto Logistics stock opened at $7.00 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.16 and a quick ratio of 1.16. Proficient Auto Logistics, Inc. has a twelve month low of $5.88 and a twelve month high of $17.08. The company's 50-day moving average price is $7.42 and its two-hundred day moving average price is $7.84.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Barrington Research reiterated an "outperform" rating and set 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 price objective on shares of Proficient Auto Logistics in a research report on Tuesday, August 12th. Finally, William Blair lowered shares of Proficient Auto Logistics from an "outperform" rating to a "market perform" rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.67.

About Proficient Auto Logistics

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.

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