USA Truck (USAK) 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 Saturday, January 6th.

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 have also recently issued research reports about the stock. Stifel Nicolaus upgraded shares of USA Truck from a “hold” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $15.00 in a report on Friday, September 29th. Cowen restated a “buy” rating and issued a $10.00 price objective on shares of USA Truck in a report on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $13.31.

Shares of USA Truck (NASDAQ USAK) opened at $20.49 on Friday. The stock has a market cap of $171.85, a P/E ratio of -14.74 and a beta of 2.57. USA Truck has a 52 week low of $5.73 and a 52 week high of $21.98. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.06.

USA Truck (NASDAQ:USAK) last announced its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.10. The firm had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $108.05 million. USA Truck had a negative net margin of 2.61% and a negative return on equity of 19.57%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) earnings per share. sell-side analysts anticipate that USA Truck will post -0.55 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in USAK. Tower Research Capital LLC TRC grew its holdings in shares of USA Truck by 204.7% in the second quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 9,289 shares in the last quarter. Citigroup Inc. grew its holdings in USA Truck by 44.0% during the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after acquiring an additional 4,470 shares in the last quarter. Citadel Advisors LLC acquired a new position in USA Truck during the 3rd quarter worth approximately $203,000. Acadian Asset Management LLC acquired a new position in USA Truck during the 4th quarter worth approximately $217,000. Finally, BlueCrest Capital Management Ltd grew its holdings in USA Truck by 12.4% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 28,105 shares of the transportation company’s stock worth $243,000 after acquiring an additional 3,105 shares in the last quarter. Hedge funds and other institutional investors own 64.28% of the company’s stock.

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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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