USA Truck (NASDAQ:USAK) Rating Lowered to Hold at Zacks Investment Research

USA Truck (NASDAQ:USAK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, November 21st.

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 analysts also recently commented on USAK. Cowen reissued an “outperform” rating and set a $10.00 price objective (up previously from $8.00) on shares of USA Truck in a report on Friday, August 4th. ValuEngine upgraded shares of USA Truck from a “strong sell” rating to a “sell” rating in a research report on Monday, August 28th. Finally, Stifel Nicolaus raised shares of USA Truck from a “hold” rating to a “buy” rating and boosted their price objective for the company from $9.00 to $15.00 in a research report on Friday, September 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.31.

Shares of USA Truck (NASDAQ:USAK) traded down $0.31 during trading hours on Tuesday, hitting $18.12. 27,908 shares of the stock traded hands, compared to its average volume of 90,138. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 2.06. USA Truck has a 1-year low of $5.73 and a 1-year high of $19.05.

USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.10. The firm had revenue of $114.20 million for the quarter, compared to the consensus estimate of $108.05 million. USA Truck had a negative net margin of 2.61% and a negative return on equity of 19.57%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. equities analysts predict that USA Truck will post -0.47 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of USAK. California Public Employees Retirement System increased its position in USA Truck by 35.7% during the first quarter. California Public Employees Retirement System now owns 49,043 shares of the transportation company’s stock worth $360,000 after purchasing an additional 12,900 shares during the last quarter. Bank of America Corp DE increased its position in USA Truck by 436.0% during the first quarter. Bank of America Corp DE now owns 32,540 shares of the transportation company’s stock worth $240,000 after purchasing an additional 26,469 shares during the last quarter. US Bancorp DE grew its stake in USA Truck by 56.0% during the second quarter. US Bancorp DE now owns 71,412 shares of the transportation company’s stock worth $618,000 after buying an additional 25,635 shares during the period. Russell Investments Group Ltd. grew its stake in USA Truck by 86.5% during the second quarter. Russell Investments Group Ltd. now owns 194,400 shares of the transportation company’s stock worth $1,684,000 after buying an additional 90,138 shares during the period. Finally, Essex Investment Management Co. LLC grew its stake in USA Truck by 37.6% during the second quarter. Essex Investment Management Co. LLC now owns 149,901 shares of the transportation company’s stock worth $1,298,000 after buying an additional 40,930 shares during the period. 64.28% of the stock is owned by hedge funds and other institutional investors.

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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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