Boston Partners Acquires Shares of 85,036 Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Boston Partners bought a new stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the 4th quarter, Holdings Channel reports. The institutional investor bought 85,036 shares of the company’s stock, valued at approximately $686,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. De Lisle Partners LLP raised its position in shares of Proficient Auto Logistics by 23.8% in the 3rd quarter. De Lisle Partners LLP now owns 557,000 shares of the company’s stock valued at $7,906,000 after buying an additional 107,000 shares in the last quarter. Lord Abbett & CO. LLC raised its position in shares of Proficient Auto Logistics by 40.5% in the 3rd quarter. Lord Abbett & CO. LLC now owns 498,911 shares of the company’s stock valued at $7,075,000 after buying an additional 143,697 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Proficient Auto Logistics by 61.1% in the 4th quarter. First Eagle Investment Management LLC now owns 357,748 shares of the company’s stock valued at $2,887,000 after buying an additional 135,720 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Proficient Auto Logistics by 136.9% in the 3rd quarter. Geode Capital Management LLC now owns 347,752 shares of the company’s stock valued at $4,932,000 after buying an additional 200,977 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. increased its position in Proficient Auto Logistics by 163.4% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 253,030 shares of the company’s stock worth $2,042,000 after purchasing an additional 156,967 shares in the last quarter.

Proficient Auto Logistics Stock Down 4.9 %

Shares of NASDAQ PAL opened at $9.89 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.25 and a current ratio of 1.25. Proficient Auto Logistics, Inc. has a 52-week low of $7.24 and a 52-week high of $21.01. The firm has a 50 day moving average price of $10.08 and a two-hundred day moving average price of $10.84.

Wall Street Analyst Weigh In

PAL has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Barrington Research reiterated an “outperform” rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th.

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.