USA Truck (NASDAQ:USAK) Price Target Cut to $13.00 by Analysts at Cowen
USA Truck (NASDAQ:USAK) had its target price cut by Cowen from $17.00 to $13.00 in a research note released on Friday morning, Briefing.com Automated Import reports. They currently have an outperform rating on the transportation company’s stock.
Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Zimmer Biomet from a c rating to a b- rating in a report on Friday, April 26th. Zacks Investment Research raised shares of Vistra Energy from a hold rating to a buy rating and set a $25.00 target price on the stock in a report on Saturday, July 13th. Finally, Stephens set a $112.00 target price on shares of Genesee & Wyoming and gave the stock a hold rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. USA Truck presently has an average rating of Buy and a consensus target price of $23.50.
Shares of USA Truck stock opened at $8.10 on Friday. The company has a market cap of $69.85 million, a price-to-earnings ratio of 5.19 and a beta of 1.48. 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 firm has a fifty day simple moving average of $9.78. USA Truck has a 52-week low of $8.05 and a 52-week high of $23.44.
In other news, Director Gary Enzor bought 3,000 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $13.63 per share, with a total value of $40,890.00. Following the acquisition, the director now owns 2,812 shares in the company, valued at $38,327.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Reed bought 2,500 shares of the stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $13.66 per share, for a total transaction of $34,150.00. Following the acquisition, the insider now owns 150,550 shares in the company, valued at approximately $2,056,513. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 29,185 shares of company stock worth $401,347. 6.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of USAK. Grace & White Inc. NY lifted its position in USA Truck by 213.6% during the 2nd quarter. Grace & White Inc. NY now owns 271,206 shares of the transportation company’s stock worth $2,742,000 after buying an additional 184,736 shares in the last quarter. Boston Partners lifted its position in USA Truck by 12.6% during the 1st quarter. Boston Partners now owns 434,207 shares of the transportation company’s stock worth $6,270,000 after buying an additional 48,567 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in USA Truck during the 4th quarter worth about $434,000. Bank of New York Mellon Corp lifted its position in 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 worth $1,340,000 after buying an additional 26,298 shares in the last quarter. Finally, Mackay Shields LLC lifted its position in USA Truck by 86.7% during the 4th quarter. Mackay Shields LLC now owns 30,057 shares of the transportation company’s stock worth $450,000 after buying an additional 13,957 shares in the last quarter. Institutional investors and hedge funds own 78.65% 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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