USA Truck (USAK) Receives Buy Rating from Cowen

Cowen restated their buy rating on shares of USA Truck (NASDAQ:USAK) in a research note published on Friday morning, AnalystRatings.com reports. They currently have a $22.00 price target on the transportation company’s stock.

USAK has been the subject of a number of other research reports. ValuEngine upgraded USA Truck from a strong sell rating to a sell rating in a research report on Thursday, January 17th. Zacks Investment Research downgraded USA Truck from a hold rating to a sell rating in a research report on Wednesday, May 1st. Finally, TheStreet downgraded USA Truck from a b- rating to a c rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $25.75.

USA Truck stock opened at $13.54 on Friday. The company has a current ratio of 0.95, a quick ratio of 1.04 and a debt-to-equity ratio of 1.85. The firm has a market capitalization of $115.62 million, a price-to-earnings ratio of 8.68 and a beta of 1.57. USA Truck has a 52 week low of $13.40 and a 52 week high of $27.47.



USA Truck (NASDAQ:USAK) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $133.97 million for the quarter, compared to analyst estimates of $137.20 million. USA Truck had a return on equity of 17.89% and a net margin of 2.33%. Research analysts anticipate that USA Truck will post 1.97 earnings per share for the current year.

In other news, Director Alexander David Greene bought 7,325 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $13.70 per share, for a total transaction of $100,352.50. Following the completion of the transaction, the director now directly owns 31,130 shares in the company, valued at approximately $426,481. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jason R. Bates bought 13,500 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $13.75 per share, with a total value of $185,625.00. Following the transaction, the chief financial officer now owns 103,155 shares of the company’s stock, valued at $1,418,381.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 26,185 shares of company stock valued at $360,457. 6.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department bought a new stake in USA Truck in the first quarter valued at about $62,000. Bank of America Corp DE increased its holdings in USA Truck by 60.2% in the fourth quarter. Bank of America Corp DE now owns 9,336 shares of the transportation company’s stock valued at $139,000 after purchasing an additional 3,508 shares during the last quarter. Rhumbline Advisers bought a new stake in USA Truck in the fourth quarter valued at about $153,000. Spark Investment Management LLC increased its holdings in USA Truck by 104.4% in the first quarter. Spark Investment Management LLC now owns 24,115 shares of the transportation company’s stock valued at $348,000 after purchasing an additional 12,315 shares during the last quarter. Finally, Monarch Partners Asset Management LLC increased its holdings in USA Truck by 49.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 23,644 shares of the transportation company’s stock valued at $354,000 after purchasing an additional 7,794 shares during the last quarter. Institutional investors own 74.44% of the company’s stock.

About USA Truck

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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