USA Truck, Inc. (NASDAQ:USAK) Director Gary Enzor purchased 3,000 shares of USA Truck stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $13.63 per share, for a total transaction of $40,890.00. Following the completion of the transaction, the director now directly owns 2,812 shares in the company, valued at approximately $38,327.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of USAK traded down $0.01 during trading on Wednesday, reaching $13.84. The company’s stock had a trading volume of 63,270 shares, compared to its average volume of 82,541. USA Truck, Inc. has a twelve month low of $13.40 and a twelve month high of $27.47. The firm has a market cap of $116.14 million, a price-to-earnings ratio of 8.87 and a beta of 1.57. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 1.85.
USA Truck (NASDAQ:USAK) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $133.97 million for the quarter, compared to analyst estimates of $137.20 million. On average, equities analysts expect that USA Truck, Inc. will post 1.97 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in USAK. Assenagon Asset Management S.A. acquired a new position in shares of USA Truck in the 4th quarter valued at approximately $1,445,000. Boston Partners raised its position in shares of USA Truck by 23.9% in the 4th quarter. Boston Partners now owns 385,640 shares of the transportation company’s stock valued at $5,773,000 after purchasing an additional 74,390 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of USA Truck by 3,002.1% in the 1st quarter. JPMorgan Chase & Co. now owns 62,756 shares of the transportation company’s stock valued at $907,000 after purchasing an additional 60,733 shares in the last quarter. Prudential Financial Inc. raised its position in shares of USA Truck by 250.5% in 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 in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of USA Truck by 65.8% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 103,100 shares of the transportation company’s stock valued at $1,489,000 after purchasing an additional 40,900 shares in the last quarter. 76.26% of the stock is currently owned by institutional investors.
USAK has been the topic of several recent research reports. ValuEngine raised USA Truck from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 17th. Zacks Investment Research lowered USA Truck from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 19th. TheStreet lowered USA Truck from a “b-” rating to a “c” rating in a research report on Friday, April 26th. Finally, Cowen reissued a “buy” rating and set a $22.00 price target on shares of USA Truck in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.75.
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.
Further Reading: P/E Growth (PEG)
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