Goldman Sachs Group Inc. lifted its stake in USA Truck, Inc. (NASDAQ:USAK) by 67.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,915 shares of the transportation company’s stock after purchasing an additional 20,915 shares during the quarter. Goldman Sachs Group Inc. owned about 0.65% of USA Truck worth $450,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. California Public Employees Retirement System increased its holdings in shares of USA Truck by 37.1% in the second quarter. California Public Employees Retirement System now owns 67,243 shares of the transportation company’s stock valued at $582,000 after purchasing an additional 18,200 shares during the last quarter. Vanguard Group Inc. increased its stake in USA Truck by 16.4% during the second quarter. Vanguard Group Inc. now owns 261,677 shares of the transportation company’s stock worth $2,266,000 after acquiring an additional 36,911 shares during the last quarter. Citigroup Inc. increased its stake in USA Truck by 44.0% during the second quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after acquiring an additional 4,470 shares during the last quarter. LMR Partners LLP acquired a new stake in USA Truck during the second quarter worth $198,000. Finally, Boston Partners increased its stake in USA Truck by 69.2% during the second quarter. Boston Partners now owns 353,600 shares of the transportation company’s stock worth $3,062,000 after acquiring an additional 144,600 shares during the last quarter. 56.49% of the stock is owned by hedge funds and other institutional investors.
USAK has been the subject of several recent analyst reports. ValuEngine raised USA Truck from a “sell” rating to a “hold” rating in a research note on Sunday, September 3rd. Cowen and Company reissued a “buy” rating and set a $10.00 target price on shares of USA Truck in a research note on Friday, September 8th. Zacks Investment Research raised USA Truck from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, November 9th. Finally, Stifel Nicolaus raised USA Truck from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $15.00 in a research note on Friday, September 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.31.
Shares of USA Truck, Inc. (NASDAQ USAK) opened at $16.84 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.05 and a quick ratio of 1.04. USA Truck, Inc. has a one year low of $5.73 and a one year high of $17.18.
USA Truck (NASDAQ:USAK) last posted its earnings results on Thursday, November 2nd. The transportation company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.10. The company had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $108.05 million. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.09) earnings per share. sell-side analysts anticipate that USA Truck, Inc. will post -0.47 earnings per share for the current fiscal year.
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USA Truck Profile
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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