USA Truck, Inc. (USAK) Given Average Recommendation of “Hold” by Analysts
USA Truck, Inc. (NASDAQ:USAK) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $8.08.
Several equities research analysts recently commented on USAK shares. ValuEngine raised shares of USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Zacks Investment Research lowered shares of USA Truck from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Finally, Cowen and Company reissued a “buy” rating and set a $8.00 price objective on shares of USA Truck in a research note on Tuesday, July 11th.
In other news, Director Barbara J. Faulkenberry bought 6,890 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $5.86 per share, with a total value of $40,375.40. Following the completion of the acquisition, the director now owns 11,144 shares of the company’s stock, valued at $65,303.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert A. Peiser bought 10,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was purchased at an average cost of $6.39 per share, with a total value of $63,900.00. The disclosure for this purchase can be found here. Insiders acquired 38,415 shares of company stock valued at $244,682 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners purchased a new position in shares of USA Truck during the first quarter valued at about $1,536,000. Renaissance Technologies LLC boosted its position in USA Truck by 31.3% in the fourth quarter. Renaissance Technologies LLC now owns 156,600 shares of the transportation company’s stock valued at $1,364,000 after buying an additional 37,300 shares during the last quarter. Essex Investment Management Co. LLC boosted its position in USA Truck by 23.3% in the first quarter. Essex Investment Management Co. LLC now owns 108,971 shares of the transportation company’s stock valued at $801,000 after buying an additional 20,604 shares during the last quarter. Russell Investments Group Ltd. boosted its position in USA Truck by 406.1% in the first quarter. Russell Investments Group Ltd. now owns 104,262 shares of the transportation company’s stock valued at $767,000 after buying an additional 83,662 shares during the last quarter. Finally, US Bancorp DE boosted its position in USA Truck by 56.0% in the second quarter. US Bancorp DE now owns 71,412 shares of the transportation company’s stock valued at $618,000 after buying an additional 25,635 shares during the last quarter. 66.38% of the stock is owned by institutional investors and hedge funds.
Shares of USA Truck (USAK) opened at 9.50 on Tuesday. USA Truck has a 12-month low of $5.73 and a 12-month high of $20.13. The company has a 50 day moving average of $7.92 and a 200-day moving average of $7.93. The firm’s market cap is $75.98 million.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings data on Thursday, May 4th. The transportation company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.45. USA Truck had a negative return on equity of 16.02% and a negative net margin of 2.57%. The business had revenue of $101.70 million for the quarter, compared to the consensus estimate of $108.80 million. During the same period in the previous year, the firm earned $0.15 EPS. The company’s revenue was down 8.0% on a year-over-year basis. Analysts predict that USA Truck will post ($0.32) EPS for the current year.
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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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