BlackRock Inc. Acquires 374,110 Shares of USA Truck, Inc. (USAK)

BlackRock Inc. increased its holdings in USA Truck, Inc. (NASDAQ:USAK) by 145.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 631,874 shares of the transportation company’s stock after buying an additional 374,110 shares during the period. BlackRock Inc. owned about 0.08% of USA Truck worth $14,830,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio purchased a new position in USA Truck in the 2nd quarter valued at about $215,000. Schwab Charles Investment Management Inc. purchased a new position in USA Truck in the 1st quarter valued at about $255,000. Campbell & CO Investment Adviser LLC purchased a new position in USA Truck in the 2nd quarter valued at about $279,000. Martingale Asset Management L P purchased a new position in USA Truck in the 2nd quarter valued at about $311,000. Finally, American Century Companies Inc. purchased a new position in USA Truck in the 2nd quarter valued at about $432,000. Institutional investors and hedge funds own 79.47% of the company’s stock.

NASDAQ:USAK opened at $20.42 on Wednesday. The stock has a market capitalization of $157.11 million, a price-to-earnings ratio of -36.46 and a beta of 1.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.11. USA Truck, Inc. has a 12-month low of $13.78 and a 12-month high of $29.15.

USA Truck (NASDAQ:USAK) last released its earnings results on Friday, October 26th. The transportation company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. USA Truck had a net margin of 4.20% and a return on equity of 14.75%. The company had revenue of $132.58 million for the quarter, compared to analyst estimates of $133.30 million. Analysts forecast that USA Truck, Inc. will post 1.41 earnings per share for the current year.

A number of research analysts have issued reports on USAK shares. Loop Capital started coverage on shares of USA Truck in a report on Wednesday, October 17th. They issued a “buy” rating and a $34.00 target price on the stock. Cowen upped their target price on shares of USA Truck from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, July 30th. Stifel Nicolaus set a $30.00 target price on shares of USA Truck and gave the company a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of USA Truck from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Tuesday, July 24th. Finally, ValuEngine lowered shares of USA Truck from a “buy” rating to a “hold” rating in a report on Saturday, July 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $30.00.

USA Truck Company Profile

USA Truck, Inc, a truckload carrier, provides general commodities transportation services in the United States, Mexico, and Canada. It operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload services as a medium to long-haul common carrier; and dedicated freight services.

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Institutional Ownership by Quarter for USA Truck (NASDAQ:USAK)

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