USA Truck, Inc. (USAK) Upgraded by ValuEngine to “Sell”
ValuEngine upgraded shares of USA Truck, Inc. (NASDAQ:USAK) from a strong sell rating to a sell rating in a research report report published on Monday morning.
A number of other brokerages have also recently issued reports on USAK. Zacks Investment Research cut shares of USA Truck from a hold rating to a sell rating in a research note on Tuesday, August 8th. Cowen and Company reaffirmed a buy rating and issued a $8.00 price objective on shares of USA Truck in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. USA Truck has an average rating of Hold and a consensus price target of $8.63.
USA Truck (USAK) opened at 10.75 on Monday. The stock’s market capitalization is $86.29 million. USA Truck has a 52 week low of $5.73 and a 52 week high of $12.34. The stock’s 50 day moving average price is $9.08 and its 200-day moving average price is $7.93.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.24. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. The business had revenue of $107.40 million during the quarter, compared to the consensus estimate of $103.75 million. During the same period in the previous year, the business posted ($0.10) earnings per share. USA Truck’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts expect that USA Truck will post ($0.96) earnings per share for the current year.
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In other USA Truck news, CFO Jason R. Bates acquired 8,500 shares of USA Truck stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $8.23 per share, with a total value of $69,955.00. Following the completion of the purchase, the chief financial officer now owns 33,732 shares in the company, valued at $277,614.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gary Enzor acquired 7,500 shares of USA Truck stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $8.20 per share, for a total transaction of $61,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 17,050 shares of company stock worth $139,967. Insiders own 3.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Grace & White Inc. NY raised its stake in USA Truck by 7.7% in the second quarter. Grace & White Inc. NY now owns 359,450 shares of the transportation company’s stock valued at $3,113,000 after buying an additional 25,635 shares during the period. Boston Partners raised its stake in USA Truck by 69.2% in the second quarter. Boston Partners now owns 353,600 shares of the transportation company’s stock valued at $3,062,000 after buying an additional 144,600 shares during the period. Vanguard Group Inc. raised its stake in USA Truck by 16.4% in the second quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock valued at $2,266,000 after buying an additional 36,911 shares during the period. Intrinsic Edge Capital Management LLC raised its stake in USA Truck by 5.2% in the second 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 period. Finally, Russell Investments Group Ltd. raised its stake in USA Truck by 86.5% in the second quarter. Russell Investments Group Ltd. now owns 194,400 shares of the transportation company’s stock valued at $1,684,000 after buying an additional 90,138 shares during the period. 53.39% of the stock is currently 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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