Proficient Auto Logistics, Inc. $PAL Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 18.2% during the second quarter, Holdings Channel.com reports. The firm owned 1,795,883 shares of the company’s stock after buying an additional 276,269 shares during the quarter. American Century Companies Inc. owned 0.07% of Proficient Auto Logistics worth $13,038,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC bought a new position in Proficient Auto Logistics in the 2nd quarter valued at about $29,000. Jones Financial Companies Lllp acquired a new stake in shares of Proficient Auto Logistics in the 1st quarter worth approximately $73,000. Corebridge Financial Inc. boosted its holdings in shares of Proficient Auto Logistics by 33.6% in the first quarter. Corebridge Financial Inc. now owns 10,409 shares of the company’s stock valued at $87,000 after acquiring an additional 2,619 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Proficient Auto Logistics by 44.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,506 shares of the company’s stock valued at $105,000 after acquiring an additional 3,866 shares during the period. Finally, MetLife Investment Management LLC bought a new stake in Proficient Auto Logistics during the first quarter worth approximately $111,000.

Insider Activity at Proficient Auto Logistics

In related news, Director John Skiadas sold 18,270 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $7.27, for a total transaction of $132,822.90. Following the transaction, the director directly owned 1,852,597 shares of the company’s stock, valued at approximately $13,468,380.19. The trade was a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 75,000 shares of company stock valued at $548,429 over the last ninety days. Company insiders own 13.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PAL has been the subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and issued a $12.00 target price on shares of Proficient Auto Logistics in a research report on Wednesday, November 12th. William Blair lowered Proficient Auto Logistics from an “outperform” rating to a “market perform” rating in a report on Friday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Proficient Auto Logistics in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $13.00 price target on shares of Proficient Auto Logistics in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.50.

Proficient Auto Logistics Stock Performance

Shares of PAL opened at $9.19 on Thursday. The company has a 50-day moving average of $7.02 and a two-hundred day moving average of $7.28. Proficient Auto Logistics, Inc. has a one year low of $5.76 and a one year high of $11.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $255.76 million, a price-to-earnings ratio of -459.50, a PEG ratio of 26.67 and a beta of 2.40.

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.