Zacks Investment Research upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a sell rating to a hold rating in a research note published on Thursday, October 5th.
According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “
USAK has been the subject of a number of other research reports. Cowen and Company reaffirmed an outperform rating and set a $10.00 price target (up previously from $8.00) on shares of USA Truck in a research report on Friday, August 4th. ValuEngine raised USA Truck from a strong sell rating to a sell rating in a report on Monday, August 28th. Finally, Stifel Nicolaus raised USA Truck from a hold rating to a buy rating and increased their price objective for the company from $9.00 to $15.00 in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $10.75.
USA Truck (NASDAQ USAK) opened at 13.74 on Thursday. The company’s 50-day moving average is $12.55 and its 200 day moving average is $8.89. The company’s market cap is $110.29 million. USA Truck has a 12 month low of $5.73 and a 12 month high of $14.89.
USA Truck (NASDAQ:USAK) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.24). USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The firm had revenue of $107.40 million for the quarter, compared to analyst estimates of $103.75 million. During the same period last year, the company earned ($0.10) EPS. The company’s revenue was down 2.3% compared to the same quarter last year. Equities analysts forecast that USA Truck will post ($0.97) earnings per share for the current fiscal year.
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In other USA Truck news, Director Gary Enzor purchased 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $8.20 per share, for a total transaction of $61,500.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jason R. Bates purchased 8,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of $8.23 per share, for a total transaction of $69,955.00. Following the purchase, the chief financial officer now owns 33,732 shares in the company, valued at approximately $277,614.36. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,050 shares of company stock valued at $139,967. 3.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in USA Truck by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 9,289 shares during the period. Citigroup Inc. raised its stake in USA Truck by 44.0% in the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 4,470 shares during the period. Callahan Advisors LLC bought a new stake in USA Truck in the 2nd quarter valued at $132,000. LMR Partners LLP bought a new stake in USA Truck in the 2nd quarter valued at $198,000. Finally, Trexquant Investment LP bought a new stake in USA Truck in the 2nd quarter valued at $237,000. Institutional investors and hedge funds own 52.86% of the company’s stock.
USA Truck Company Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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