Proficient Auto Logistics, Inc. (NASDAQ:PAL) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its holdings in Proficient Auto Logistics, Inc. (NASDAQ:PAL) by 61.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 357,748 shares of the company’s stock after acquiring an additional 135,720 shares during the quarter. First Eagle Investment Management LLC owned 1.32% of Proficient Auto Logistics worth $2,887,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PAL. Geode Capital Management LLC raised its stake in shares of Proficient Auto Logistics by 136.9% during the 3rd quarter. Geode Capital Management LLC now owns 347,752 shares of the company’s stock worth $4,932,000 after buying an additional 200,977 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in Proficient Auto Logistics by 163.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 253,030 shares of the company’s stock valued at $2,042,000 after purchasing an additional 156,967 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in 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 purchasing an additional 143,697 shares during the last quarter. De Lisle Partners LLP raised its stake in 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 purchasing an additional 107,000 shares during the last quarter. Finally, State Street Corp raised its stake in Proficient Auto Logistics by 199.0% in the 3rd quarter. State Street Corp now owns 157,551 shares of the company’s stock valued at $2,234,000 after purchasing an additional 104,851 shares during the last quarter.

Proficient Auto Logistics Stock Performance

PAL opened at $9.82 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. The business has a 50-day moving average of $10.03 and a two-hundred day moving average of $11.14. Proficient Auto Logistics, Inc. has a 12 month low of $7.24 and a 12 month high of $21.01.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Proficient Auto Logistics in a research note on Wednesday, February 12th.

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.