USA Truck, Inc. (USAK) Given Consensus Recommendation of “Hold” by Brokerages
USA Truck, Inc. (NASDAQ:USAK) has earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.75.
USAK has been the topic of a number of analyst reports. ValuEngine upgraded USA Truck from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd. Cowen and Company reiterated a “buy” rating and set a $10.00 price objective on shares of USA Truck in a research report on Friday, September 8th. Zacks Investment Research downgraded USA Truck from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus upgraded USA Truck from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $15.00 in a research report on Friday, September 29th.
In other USA Truck news, Director Gary Enzor bought 7,500 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $8.20 per share, with a total value of $61,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jason R. Bates bought 8,500 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average cost of $8.23 per share, with a total value of $69,955.00. Following the purchase, the chief financial officer now owns 33,732 shares of the company’s stock, valued at $277,614.36. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 17,050 shares of company stock worth $139,967. 3.50% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in USA Truck by 204.7% during the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock worth $120,000 after acquiring an additional 9,289 shares during the last quarter. Citigroup Inc. increased its stake in USA Truck by 44.0% during the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after acquiring an additional 4,470 shares during the last quarter. Callahan Advisors LLC acquired a new stake in USA Truck during the second quarter worth $132,000. LMR Partners LLP acquired a new stake in USA Truck during the second quarter worth $198,000. Finally, Trexquant Investment LP acquired a new stake in USA Truck during the second quarter worth $237,000. 52.87% of the stock is owned by institutional investors.
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USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Wednesday, August 2nd. The transportation company reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.24). USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. The company had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $103.75 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year.
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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