USA Truck, Inc. (USAK) Rating Lowered to Hold at Zacks Investment Research
USA Truck, Inc. (NASDAQ:USAK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
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 have also recently issued reports on USAK. Stifel Nicolaus raised USA Truck from a “hold” rating to a “buy” rating and upped their price objective for the stock from $9.00 to $15.00 in a research report on Friday, September 29th. Cowen and Company reissued a “buy” rating and issued a $10.00 target price on shares of USA Truck in a research report on Friday, September 8th. Finally, ValuEngine raised USA Truck from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.31.
USA Truck (USAK) traded up $0.65 during trading hours on Tuesday, hitting $17.84. The stock had a trading volume of 99,500 shares, compared to its average volume of 90,604. USA Truck has a twelve month low of $5.73 and a twelve month high of $17.85. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.06.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.10. The business had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $108.05 million. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) EPS. research analysts forecast that USA Truck will post -0.47 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners boosted its position in shares of USA Truck by 70.5% in the 3rd 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 period. Russell Investments Group Ltd. raised its stake in USA Truck by 98.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 386,528 shares of the transportation company’s stock valued at $5,430,000 after acquiring an additional 192,128 shares during the last quarter. Grace & White Inc. NY raised its stake in USA Truck by 7.7% during the 2nd quarter. Grace & White Inc. NY now owns 359,450 shares of the transportation company’s stock valued at $3,113,000 after acquiring an additional 25,635 shares during the last quarter. Vanguard Group Inc. raised its stake in USA Truck by 16.4% during the 2nd quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock valued at $2,266,000 after acquiring an additional 36,911 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC raised its stake in 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 acquiring an additional 12,576 shares during the last quarter. 56.85% of the stock is owned by hedge funds and other institutional investors.
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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