USA Truck’s (USAK) “Outperform” Rating Reaffirmed at Cowen and Company
USA Truck, Inc. (NASDAQ:USAK)‘s stock had its “outperform” rating reiterated by stock analysts at Cowen and Company in a note issued to investors on Friday. They currently have a $10.00 target price on the transportation company’s stock, up from their previous target price of $8.00. Cowen and Company’s price objective would indicate a potential upside of 18.62% from the stock’s current price.
Several other equities analysts have also commented on USAK. Zacks Investment Research upgraded shares of USA Truck from a “sell” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Wednesday, April 12th. ValuEngine upgraded shares of USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.63.
USA Truck (USAK) traded down 2.02% during trading on Friday, hitting $8.26. 41,427 shares of the company’s stock were exchanged. USA Truck has a 52-week low of $5.73 and a 52-week high of $13.24. The firm has a 50 day moving average price of $8.62 and a 200 day moving average price of $7.94. The company’s market cap is $66.06 million.
USA Truck (NASDAQ:USAK) last announced its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) EPS 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 analysts’ expectations of $103.75 million. USA Truck had a negative net margin of 2.94% and a negative return on equity of 20.68%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) earnings per share. On average, equities research analysts predict that USA Truck will post ($0.32) earnings per share for the current year.
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In other news, Director Gary Enzor acquired 12,500 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $6.47 per share, with a total value of $80,875.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara J. Faulkenberry acquired 6,890 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of $5.86 per share, with a total value of $40,375.40. Following the completion of the acquisition, the director now directly owns 11,144 shares of the company’s stock, valued at approximately $65,303.84. The disclosure for this purchase can be found here. Insiders acquired 28,415 shares of company stock worth $180,782 over the last quarter. 3.50% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. Grace & White Inc. NY increased its stake in USA Truck by 7.7% in the second quarter. Grace & White Inc. NY now owns 359,450 shares of the transportation company’s stock valued at $3,113,000 after buying an additional 25,635 shares during the last quarter. Boston Partners increased its stake in USA Truck by 69.2% in the second quarter. Boston Partners now owns 353,600 shares of the transportation company’s stock valued at $3,062,000 after buying an additional 144,600 shares during the last quarter. Russell Investments Group Ltd. increased 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 during the last quarter. Renaissance Technologies LLC increased its stake in USA Truck by 31.3% in the fourth quarter. Renaissance Technologies LLC now owns 156,600 shares of the transportation company’s stock valued at $1,364,000 after buying an additional 37,300 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased 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 during the last quarter. 67.12% of the stock is owned by institutional investors and hedge funds.
About USA Truck
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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