USA Truck (NASDAQ:USAK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, November 21st.
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 research firms also recently issued reports on USAK. ValuEngine raised USA Truck from a “sell” rating to a “hold” rating in a research note on Sunday, September 3rd. Cowen reissued a “buy” rating and issued a $10.00 target price on shares of USA Truck in a research note on Friday, September 8th. Finally, Stifel Nicolaus raised shares of USA Truck from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $15.00 in a research note on Friday, September 29th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. USA Truck currently has a consensus rating of “Hold” and an average price target of $12.31.
USA Truck (USAK) traded up $0.10 during trading hours on Tuesday, reaching $18.22. 67,664 shares of the company were exchanged, compared to its average volume of 90,042. USA Truck has a 1 year low of $5.73 and a 1 year high of $19.05. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.04 and a current ratio of 1.05.
USA Truck (NASDAQ:USAK) last issued its earnings results on Thursday, November 2nd. The transportation company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.10. The company had revenue of $114.20 million for the quarter, compared to analyst estimates of $108.05 million. USA Truck had a negative net margin of 2.61% and a negative return on equity of 19.57%. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.09) EPS. analysts forecast that USA Truck will post -0.47 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of USAK. Russell Investments Group Ltd. boosted its holdings in USA Truck by 86.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 194,400 shares of the transportation company’s stock worth $1,684,000 after acquiring an additional 90,138 shares during the period. California Public Employees Retirement System boosted its holdings in USA Truck by 37.1% in the 2nd quarter. California Public Employees Retirement System now owns 67,243 shares of the transportation company’s stock worth $582,000 after acquiring an additional 18,200 shares during the period. Goldman Sachs Group Inc. boosted its holdings in USA Truck by 67.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 51,915 shares of the transportation company’s stock worth $450,000 after acquiring an additional 20,915 shares during the period. Boston Partners boosted its stake in shares of USA Truck by 70.5% during the 3rd quarter. Boston Partners now owns 603,063 shares of the transportation company’s stock valued at $8,473,000 after buying an additional 249,463 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC boosted its stake in shares of USA Truck by 5.2% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 253,150 shares of the transportation company’s stock valued at $2,192,000 after buying an additional 12,576 shares during the last quarter. Institutional investors and hedge funds own 64.28% of the company’s stock.
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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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