USA Truck, Inc. (USAK) Raised to Hold at Zacks Investment Research

USA Truck, Inc. (NASDAQ:USAK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, July 13th.

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. “

A number of other brokerages also recently weighed in on USAK. Cowen and Company reaffirmed a “buy” rating and set a $8.00 price objective on shares of USA Truck in a research report on Tuesday, July 11th. ValuEngine raised shares of USA Truck from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.63.

Shares of USA Truck (USAK) traded down 0.74% during trading on Thursday, hitting $8.00. The company’s stock had a trading volume of 339,574 shares. The company’s market cap is $64.22 million. The firm’s 50 day moving average price is $8.78 and its 200-day moving average price is $7.89. USA Truck has a 52 week low of $5.73 and a 52 week high of $13.18.

USA Truck (NASDAQ:USAK) last released its earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.24. The company had revenue of $107.40 million during the quarter, compared to the consensus estimate of $103.75 million. USA Truck had a negative return on equity of 20.68% and a negative net margin of 2.94%. USA Truck’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. On average, analysts predict that USA Truck will post ($0.32) earnings per share for the current year.

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In related news, Director Barbara J. Faulkenberry purchased 6,890 shares of USA Truck stock in a transaction dated Monday, May 15th. The stock was bought at an average cost of $5.86 per share, with a total value of $40,375.40. Following the purchase, the director now owns 11,144 shares in the company, valued at approximately $65,303.84. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mary Susan Chambers purchased 5,725 shares of USA Truck stock in a transaction dated Wednesday, May 24th. The stock was bought at an average cost of $6.94 per share, with a total value of $39,731.50. Following the completion of the purchase, the director now owns 9,350 shares in the company, valued at approximately $64,889. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC raised its stake in USA Truck by 37.6% in the second quarter. Essex Investment Management Co. LLC now owns 149,901 shares of the transportation company’s stock valued at $1,298,000 after buying an additional 40,930 shares in the last quarter. 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 in the last quarter. US Bancorp DE raised its stake 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 in the last quarter. Horrell Capital Management Inc. raised its stake in USA Truck by 2.5% in the second quarter. Horrell Capital Management Inc. now owns 27,941 shares of the transportation company’s stock valued at $242,000 after buying an additional 681 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in USA Truck by 436.0% in the first quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock valued at $240,000 after buying an additional 26,469 shares in the last quarter. 67.12% of the stock is owned by institutional investors and hedge funds.

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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