USA Truck, Inc. (USAK) Given Buy Rating at Cowen and Company
Cowen and Company reiterated their buy rating on shares of USA Truck, Inc. (NASDAQ:USAK) in a research report report published on Friday. The brokerage currently has a $10.00 price target on the transportation company’s stock.
Several other brokerages have also commented on USAK. Zacks Investment Research lowered USA Truck from a hold rating to a sell rating in a research note on Tuesday, August 8th. ValuEngine upgraded USA Truck from a sell rating to a hold rating in a research report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $8.63.
Shares of USA Truck (NASDAQ:USAK) opened at 11.92 on Friday. The firm’s 50-day moving average price is $9.68 and its 200 day moving average price is $8.09. USA Truck has a 1-year low of $5.73 and a 1-year high of $12.32. The stock’s market cap is $95.68 million.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Wednesday, August 2nd. The transportation company reported ($0.34) earnings per share (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 analyst estimates 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 was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.10) EPS. On average, equities analysts expect that USA Truck will post ($0.96) earnings per share for the current fiscal year.
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In other USA Truck news, Director Gary Enzor acquired 7,500 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $8.20 per share, for a total transaction of $61,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason R. Bates acquired 8,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $8.23 per share, for a total transaction of $69,955.00. Following the purchase, the chief financial officer now owns 33,732 shares of the company’s stock, valued at $277,614.36. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 17,050 shares of company stock valued at $139,967. 3.50% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake 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 during the period. Citigroup Inc. boosted its holdings in shares of USA Truck by 44.0% in the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 4,470 shares in the last quarter. Callahan Advisors LLC bought a new stake in USA Truck during the second quarter worth approximately $132,000. LMR Partners LLP bought a new stake in USA Truck during the second quarter worth approximately $198,000. Finally, Trexquant Investment LP bought a new stake in USA Truck during the second quarter worth approximately $237,000. Institutional investors own 53.39% of the company’s stock.
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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