Zacks Investment Research upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a hold rating to a buy rating in a report released on Thursday morning. They currently have $17.00 target price on the transportation company’s stock.
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. “
Several other equities analysts have also issued reports on USAK. Cowen and Company reaffirmed an outperform rating and issued a $10.00 target price (up from $8.00) on shares of USA Truck in a 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 upped their target price for the company from $9.00 to $15.00 in a report on Friday, September 29th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $12.31.
Shares of USA Truck (NASDAQ:USAK) traded up $0.71 on Thursday, reaching $16.76. The company’s stock had a trading volume of 143,000 shares, compared to its average volume of 72,691. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.05 and a quick ratio of 1.16. USA Truck has a 1 year low of $5.73 and a 1 year high of $16.78.
USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, November 2nd. The transportation company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.10. The company had revenue of $114.20 million during the quarter, compared to analyst estimates of $108.05 million. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. USA Truck’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.09) earnings per share. analysts expect that USA Truck will post -0.47 EPS for the current year.
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In other USA Truck news, CFO Jason R. Bates bought 8,500 shares of USA Truck stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $8.23 per share, with a total value of $69,955.00. Following the completion of the acquisition, the chief financial officer now directly owns 33,732 shares in the company, valued at approximately $277,614.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders bought 9,550 shares of company stock valued at $78,467. 3.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC purchased a new position in USA Truck in the third quarter valued at approximately $203,000. JPMorgan Chase & Co. purchased a new position in USA Truck in the third quarter valued at approximately $306,000. Macquarie Group Ltd. purchased a new position in USA Truck in the third quarter valued at approximately $259,000. Russell Investments Group Ltd. lifted its stake in USA Truck by 98.8% in the third quarter. Russell Investments Group Ltd. now owns 386,528 shares of the transportation company’s stock valued at $5,430,000 after purchasing an additional 192,128 shares during the last quarter. Finally, Boston Partners lifted its stake in USA Truck by 70.5% in the third quarter. Boston Partners now owns 603,063 shares of the transportation company’s stock valued at $8,473,000 after purchasing an additional 249,463 shares during the last quarter. Institutional investors and hedge funds own 51.16% of the company’s stock.
About USA Truck
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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