USA Truck (USAK) Cut to “Strong Sell” at Zacks Investment Research

USA Truck (NASDAQ:USAK) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Saturday.

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. “

Other equities research analysts also recently issued research reports about the stock. 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 research report on Monday, October 29th. Stifel Nicolaus set a $30.00 price objective on shares of USA Truck and gave the company a “buy” rating in a research report on Monday, October 29th. ValuEngine cut shares of USA Truck from a “sell” rating to a “strong sell” rating in a research report on Friday, December 7th. TheStreet upgraded shares of USA Truck from a “c” rating to a “b-” rating in a research report on Friday, October 26th. Finally, Loop Capital initiated coverage on shares of USA Truck in a research report on Wednesday, October 17th. They issued a “buy” rating and a $34.00 target price for the company. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.25.

Shares of NASDAQ:USAK opened at $18.05 on Friday. 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 has a fifty-two week low of $14.41 and a fifty-two week high of $29.15. The stock has a market cap of $150.93 million, a P/E ratio of -32.23 and a beta of 1.46.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Friday, October 26th. The transportation company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities analysts expect that USA Truck will post 1.44 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of USAK. BlackRock Inc. grew its position in USA Truck by 145.1% in the 2nd quarter. BlackRock Inc. now owns 631,874 shares of the transportation company’s stock worth $14,830,000 after purchasing an additional 374,110 shares during the last quarter. AQR Capital Management LLC grew its position in USA Truck by 218.6% in the 3rd quarter. AQR Capital Management LLC now owns 180,214 shares of the transportation company’s stock worth $3,646,000 after purchasing an additional 123,654 shares during the last quarter. Northern Trust Corp grew its position in USA Truck by 294.3% in the 2nd quarter. Northern Trust Corp now owns 95,118 shares of the transportation company’s stock worth $2,232,000 after purchasing an additional 70,997 shares during the last quarter. GSA Capital Partners LLP grew its position in USA Truck by 72.2% in the 3rd quarter. GSA Capital Partners LLP now owns 147,900 shares of the transportation company’s stock worth $2,992,000 after purchasing an additional 62,000 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in USA Truck in the 3rd quarter worth about $1,157,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

About USA Truck

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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