Acadian Asset Management LLC lessened its holdings in shares of USA Truck, Inc. (NASDAQ:USAK) by 5.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 166,758 shares of the transportation company’s stock after selling 9,627 shares during the quarter. Acadian Asset Management LLC owned 2.01% of USA Truck worth $3,374,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in USA Truck by 40.6% in the first quarter. Wells Fargo & Company MN now owns 18,565 shares of the transportation company’s stock worth $473,000 after buying an additional 5,361 shares during the period. Northern Trust Corp lifted its holdings in USA Truck by 14.0% in the first quarter. Northern Trust Corp now owns 24,121 shares of the transportation company’s stock worth $615,000 after buying an additional 2,971 shares during the period. Millennium Management LLC lifted its holdings in USA Truck by 197.4% in the first quarter. Millennium Management LLC now owns 361,575 shares of the transportation company’s stock worth $9,217,000 after buying an additional 240,008 shares during the period. Allianz Asset Management GmbH lifted its holdings in USA Truck by 9.4% in the first quarter. Allianz Asset Management GmbH now owns 75,870 shares of the transportation company’s stock worth $1,934,000 after buying an additional 6,517 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in USA Truck in the second quarter worth about $279,000. 78.98% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on USAK. Cowen lowered their price objective on shares of USA Truck from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 29th. Zacks Investment Research downgraded shares of USA Truck from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. TheStreet raised shares of USA Truck from a “c” rating to a “b-” rating in a research note on Friday, October 26th. ValuEngine downgraded shares of USA Truck from a “buy” rating to a “hold” rating in a research note on Saturday, July 28th. Finally, Stifel Nicolaus set a $30.00 target price on shares of USA Truck and gave the company a “buy” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.25.
Shares of NASDAQ USAK opened at $20.95 on Friday. USA Truck, Inc. has a fifty-two week low of $15.85 and a fifty-two week high of $29.15. The company has a market cap of $171.00 million, a price-to-earnings ratio of -37.41 and a beta of 1.15. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.16.
USA Truck (NASDAQ:USAK) last announced its earnings results on Friday, October 26th. The transportation company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. USA Truck had a net margin of 4.20% and a return on equity of 14.44%. The business had revenue of $132.58 million during the quarter, compared to the consensus estimate of $133.30 million. On average, sell-side analysts anticipate that USA Truck, Inc. will post 1.41 EPS for the current year.
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USA Truck Profile
USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.
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