Federated Hermes Inc. Makes New $242,000 Investment in Proficient Auto Logistics, Inc. (NASDAQ:PAL)

Federated Hermes Inc. bought a new stake in Proficient Auto Logistics, Inc. (NASDAQ:PAL) in the 4th quarter, Holdings Channel reports. The institutional investor bought 30,000 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAL. Geode Capital Management LLC boosted its stake 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 purchasing an additional 200,977 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Proficient Auto Logistics by 159,197.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 55,754 shares of the company’s stock valued at $791,000 after purchasing an additional 55,719 shares during the last quarter. State Street Corp boosted its position in Proficient Auto Logistics by 199.0% in the third quarter. State Street Corp now owns 157,551 shares of the company’s stock valued at $2,234,000 after buying an additional 104,851 shares in the last quarter. Barclays PLC bought a new stake in shares of Proficient Auto Logistics during the third quarter worth $311,000. Finally, Rhumbline Advisers increased its holdings in shares of Proficient Auto Logistics by 7.9% during the fourth quarter. Rhumbline Advisers now owns 16,971 shares of the company’s stock worth $137,000 after buying an additional 1,238 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of Proficient Auto Logistics in a research report on Wednesday, February 12th. Stifel Nicolaus reduced their price target on Proficient Auto Logistics from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, April 14th.

Proficient Auto Logistics Stock Performance

NASDAQ:PAL opened at $7.55 on Friday. Proficient Auto Logistics, Inc. has a fifty-two week low of $6.81 and a fifty-two week high of $21.01. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day simple moving average of $9.38 and a two-hundred day simple moving average of $9.64.

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.