USA Truck (USAK) Coverage Initiated by Analysts at Loop Capital

Loop Capital assumed coverage on shares of USA Truck (NASDAQ:USAK) in a report released on Wednesday, Marketbeat.com reports. The firm issued a buy rating and a $34.00 price objective on the transportation company’s stock.

A number of other equities analysts also recently issued reports on the company. Cowen increased their price objective on USA Truck from $29.00 to $32.00 and gave the stock an outperform rating in a report on Monday, July 30th. Zacks Investment Research upgraded USA Truck from a hold rating to a buy rating and set a $26.00 price objective for the company in a report on Tuesday, July 24th. Finally, ValuEngine downgraded USA Truck from a buy rating to a hold rating in a report on Saturday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. USA Truck presently has an average rating of Buy and a consensus target price of $31.00.

USAK traded up $0.90 during trading on Wednesday, reaching $18.73. The stock had a trading volume of 1,395 shares, compared to its average volume of 102,881. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The company has a market cap of $168.16 million, a price-to-earnings ratio of -33.07 and a beta of 1.56. USA Truck has a one year low of $12.14 and a one year high of $29.15.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings data on Friday, July 27th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $135.38 million during the quarter, compared to the consensus estimate of $123.50 million. USA Truck had a return on equity of 10.78% and a net margin of 3.78%. On average, analysts predict that USA Truck will post 1.41 EPS for the current year.

Several large investors have recently modified their holdings of USAK. BlackRock Inc. increased its holdings in shares of USA Truck by 145.1% during the second quarter. BlackRock Inc. now owns 631,874 shares of the transportation company’s stock valued at $14,830,000 after acquiring an additional 374,110 shares in the last quarter. Millennium Management LLC increased its holdings in shares of USA Truck by 197.4% during the first quarter. Millennium Management LLC now owns 361,575 shares of the transportation company’s stock valued at $9,217,000 after acquiring an additional 240,008 shares in the last quarter. Boston Partners increased its holdings in shares of USA Truck by 36.9% during the second quarter. Boston Partners now owns 311,350 shares of the transportation company’s stock valued at $7,307,000 after acquiring an additional 84,000 shares in the last quarter. Northern Trust Corp increased its holdings in shares of USA Truck by 294.3% during the second quarter. Northern Trust Corp now owns 95,118 shares of the transportation company’s stock valued at $2,232,000 after acquiring an additional 70,997 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of USA Truck by 315.0% during the second quarter. GSA Capital Partners LLP now owns 85,900 shares of the transportation company’s stock valued at $2,016,000 after acquiring an additional 65,200 shares in the last quarter. Hedge funds and other institutional investors own 79.12% of the company’s stock.

About USA Truck

USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.

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