USA Truck (NASDAQ:USAK) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of USA Truck (NASDAQ:USAKGet Rating) from a hold rating to a sell rating in a report published on Wednesday 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 equities research analysts have also recently commented on the stock. Cowen lifted their price target on shares of USA Truck from £18.00 to £24.00 and gave the stock a buy rating in a research report on Monday. Stephens cut their price target on shares of USA Truck from £27.00 to £25.00 in a research note on Friday, April 1st. StockNews.com lowered shares of USA Truck from a strong-buy rating to a buy rating in a research report on Friday, April 15th.

Finally, Cowen increased their price target on shares of USA Truck from £18.00 to £24.00 in a research note on Monday.

USAK opened at £19.20 on Wednesday. The stock has a market cap of £172.99 million, a PE ratio of 5.04 and a beta of 1.89. The company has a current ratio of 1.35, a quick ratio of 1.28 and a debt-to-equity ratio of 1.02.

USA Truck has a 1 year low of £13.01 and a 1 year high of £29.09. The stock’s 50 day simple moving average is £19.48 and its 200-day simple moving average is £20.01.

USA Truck (NASDAQ:USAKGet Rating) last announced its quarterly earnings results on Friday, April 29th. The transportation company reported £1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of £0.76 by £0.72.

USA Truck had a net margin of 4.55% and a return on equity of 32.98%. During the same quarter in the prior year, the company posted £0.43 earnings per share. Equities analysts forecast that USA Truck will post 3.28 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of USA Truck by 246.5% in the 3rd quarter. Barclays PLC now owns 2,155 shares of the transportation company’s stock valued at £33,000 after buying an additional 1,533 shares during the last quarter.

Denali Advisors LLC bought a new stake in shares of USA Truck during the fourth quarter valued at approximately £72,000. Victory Capital Management Inc. bought a new stake in shares of USA Truck during the third quarter valued at approximately £103,000. Invesco Ltd. increased its holdings in shares of USA Truck by 3.6% during the third quarter.

Invesco Ltd. now owns 13,413 shares of the transportation company’s stock valued at £205,000 after acquiring an additional 468 shares in the last quarter. Finally, Ritholtz Wealth Management purchased a new position in shares of USA Truck during the first quarter valued at approximately £228,000. Hedge funds and other institutional investors own 58.92% of the company’s stock.

About USA Truck (Get Rating) USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics.

The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services. The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.

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