Arrowstreet Capital Limited Partnership acquired a new position in USA Truck, Inc. (NASDAQ:USAK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 59,388 shares of the transportation company’s stock, valued at approximately $1,077,000. Arrowstreet Capital Limited Partnership owned about 0.72% of USA Truck as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in shares of USA Truck in the 4th quarter worth approximately $217,000. Wells Fargo & Company MN lifted its holdings in shares of USA Truck by 88.6% in the 4th quarter. Wells Fargo & Company MN now owns 13,204 shares of the transportation company’s stock worth $240,000 after acquiring an additional 6,204 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of USA Truck in the 3rd quarter worth approximately $203,000. Macquarie Group Ltd. acquired a new position in shares of USA Truck in the 3rd quarter worth approximately $259,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of USA Truck in the 3rd quarter worth approximately $306,000. Hedge funds and other institutional investors own 65.72% of the company’s stock.
USAK has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of USA Truck from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, December 27th. TheStreet upgraded shares of USA Truck from a “d” rating to a “c” rating in a report on Friday, February 2nd. Cowen upped their price objective on shares of USA Truck from $16.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, Stephens upgraded shares of USA Truck from an “equal” rating to a “weight” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. USA Truck presently has a consensus rating of “Buy” and a consensus price target of $21.67.
USA Truck stock traded up $0.45 during trading on Monday, reaching $26.41. 6,305 shares of the company’s stock were exchanged, compared to its average volume of 125,606. USA Truck, Inc. has a 12 month low of $5.73 and a 12 month high of $27.94. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36.
USA Truck (NASDAQ:USAK) last released its earnings results on Thursday, February 1st. The transportation company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.27. The company had revenue of $117.80 million for the quarter, compared to analyst estimates of $116.80 million. USA Truck had a net margin of 1.68% and a negative return on equity of 7.09%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.25) EPS. equities analysts expect that USA Truck, Inc. will post 1.33 earnings per share for the current fiscal year.
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About USA Truck
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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