USA Truck (NASDAQ:USAK) Upgraded by Zacks Investment Research to Hold

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

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. “

Several other research firms also recently weighed in on USAK. Stephens set a $112.00 target price on Genesee & Wyoming and gave the company a hold rating in a report on Monday, July 1st. TheStreet raised Zimmer Biomet from a c rating to a b- rating in a report on Friday, April 26th. Finally, Cowen reissued a buy rating on shares of G1 Therapeutics in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $25.75.

USA Truck stock opened at $9.48 on Friday. USA Truck has a fifty-two week low of $9.11 and a fifty-two week high of $23.44. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market cap of $80.95 million, a P/E ratio of 5.71 and a beta of 1.47. The firm has a 50-day moving average price of $10.61.

USA Truck (NASDAQ:USAK) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. USA Truck had a return on equity of 17.89% and a net margin of 2.33%. The business had revenue of $133.97 million during the quarter, compared to the consensus estimate of $137.20 million. Sell-side analysts forecast that USA Truck will post 1.6 earnings per share for the current year.

In related news, insider James D. Reed purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $13.66 per share, for a total transaction of $34,150.00. Following the transaction, the insider now directly owns 150,550 shares of the company’s stock, valued at approximately $2,056,513. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jason R. Bates purchased 13,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $13.75 per share, for a total transaction of $185,625.00. Following the transaction, the chief financial officer now directly owns 103,155 shares in the company, valued at $1,418,381.25. The disclosure for this purchase can be found here. Insiders purchased a total of 29,185 shares of company stock worth $401,347 in the last 90 days. 6.70% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of USAK. Morgan Stanley grew its stake in shares of USA Truck by 72.6% during the 3rd quarter. Morgan Stanley now owns 71,961 shares of the transportation company’s stock valued at $1,455,000 after purchasing an additional 30,267 shares during the period. Rhumbline Advisers bought a new stake in shares of USA Truck during the 4th quarter valued at about $153,000. Prudential Financial Inc. grew its stake in shares of USA Truck by 250.5% during the 4th quarter. Prudential Financial Inc. now owns 61,822 shares of the transportation company’s stock valued at $926,000 after purchasing an additional 44,182 shares during the period. Bank of New York Mellon Corp grew its stake in shares of USA Truck by 41.6% during the 4th quarter. Bank of New York Mellon Corp now owns 89,506 shares of the transportation company’s stock valued at $1,340,000 after purchasing an additional 26,298 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of USA Truck by 7.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,025 shares of the transportation company’s stock valued at $629,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 76.25% of the company’s stock.

USA Truck Company Profile

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.

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