USA Truck (USAK) Reaches New 1-Year Low at $13.40

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USA Truck, Inc. (NASDAQ:USAK) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.40 and last traded at $13.75, with a volume of 2163 shares traded. The stock had previously closed at $14.24.

A number of equities research analysts recently weighed in on USAK shares. Zacks Investment Research raised shares of USA Truck from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Friday, April 12th. TheStreet downgraded shares of USA Truck from a “b-” rating to a “c” rating in a research note on Friday, April 26th. Finally, ValuEngine raised shares of USA Truck from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 17th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. USA Truck currently has a consensus rating of “Hold” and a consensus price target of $27.75.

The company has a market cap of $120.95 million, a price-to-earnings ratio of 9.03 and a beta of 1.57. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.04 and a current ratio of 1.05.

USA Truck (NASDAQ:USAK) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $133.97 million for the quarter, compared to the consensus estimate of $137.20 million. USA Truck had a net margin of 2.33% and a return on equity of 18.40%. Analysts predict that USA Truck, Inc. will post 2.02 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in USAK. Dimensional Fund Advisors LP grew its position in USA Truck by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 696,978 shares of the transportation company’s stock valued at $14,100,000 after acquiring an additional 7,073 shares during the last quarter. BlackRock Inc. raised its position in USA Truck by 1.8% in the third quarter. BlackRock Inc. now owns 643,548 shares of the transportation company’s stock valued at $13,019,000 after purchasing an additional 11,674 shares during the period. Boston Partners raised its position in USA Truck by 12.6% in the first quarter. Boston Partners now owns 434,207 shares of the transportation company’s stock valued at $6,270,000 after purchasing an additional 48,567 shares during the period. Acadian Asset Management LLC raised its position in USA Truck by 12.7% in the fourth quarter. Acadian Asset Management LLC now owns 187,887 shares of the transportation company’s stock valued at $2,813,000 after purchasing an additional 21,129 shares during the period. Finally, AQR Capital Management LLC raised its position in USA Truck by 218.6% in the third quarter. AQR Capital Management LLC now owns 180,214 shares of the transportation company’s stock valued at $3,646,000 after purchasing an additional 123,654 shares during the period. 75.34% of the stock is currently owned by institutional investors and hedge funds.

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About USA Truck (NASDAQ:USAK)

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.

See Also: Producer Price Index (PPI)

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