USA Truck (USAK) Downgraded to Strong Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of USA Truck (NASDAQ:USAK) from a hold rating to a strong sell rating in a research report sent to investors on Saturday morning.

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 research analysts also recently issued reports about the company. Cowen lowered their target price on USA Truck from $32.00 to $30.00 and set an outperform rating on the stock in a research note on Monday, October 29th. Stifel Nicolaus set a $30.00 price target on USA Truck and gave the company a buy rating in a research note on Monday, October 29th. ValuEngine downgraded USA Truck from a sell rating to a strong sell rating in a research note on Friday, December 7th. TheStreet upgraded USA Truck from a c rating to a b- rating in a research note on Friday, October 26th. Finally, Loop Capital assumed coverage on USA Truck in a research note on Wednesday, October 17th. They issued a buy rating and a $34.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $29.25.

Shares of USAK stock traded up $0.62 during midday trading on Friday, hitting $18.05. The company had a trading volume of 100,760 shares, compared to its average volume of 61,239. USA Truck has a 52-week low of $14.41 and a 52-week high of $29.15. The company has a market capitalization of $150.93 million, a P/E ratio of 14.67 and a beta of 1.46. The company has a current ratio of 1.05, a quick ratio of 1.04 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 consensus estimate of $0.38 by $0.05. USA Truck had a return on equity of 14.44% and a net margin of 4.20%. The company had revenue of $132.58 million for the quarter, compared to the consensus estimate of $133.30 million. As a group, equities analysts predict that USA Truck will post 1.44 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. boosted its position in USA Truck by 15.5% during the second quarter. Macquarie Group Ltd. now owns 40,166 shares of the transportation company’s stock worth $943,000 after purchasing an additional 5,400 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its position in USA Truck by 53.8% during the third quarter. Campbell & CO Investment Adviser LLC now owns 18,300 shares of the transportation company’s stock worth $370,000 after purchasing an additional 6,400 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in USA Truck by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 696,978 shares of the transportation company’s stock worth $14,100,000 after purchasing an additional 7,073 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in USA Truck by 76.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 17,651 shares of the transportation company’s stock worth $415,000 after purchasing an additional 7,651 shares in the last quarter. Finally, BlackRock Inc. boosted its position in USA Truck by 1.8% during the third quarter. BlackRock Inc. now owns 643,548 shares of the transportation company’s stock worth $13,019,000 after purchasing an additional 11,674 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

USA Truck Company 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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