Wells Fargo & Company MN Trims Stake in USA Truck, Inc. (NASDAQ:USAK)

Wells Fargo & Company MN trimmed its stake in USA Truck, Inc. (NASDAQ:USAK) by 52.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,526 shares of the transportation company’s stock after selling 37,703 shares during the period. Wells Fargo & Company MN owned 0.39% of USA Truck worth $339,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in shares of USA Truck by 21.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 35,260 shares of the transportation company’s stock worth $356,000 after purchasing an additional 6,300 shares in the last quarter. Eidelman Virant Capital purchased a new stake in shares of USA Truck in the 2nd quarter worth $101,000. Grace & White Inc. NY increased its stake in shares of USA Truck by 213.6% in the 2nd quarter. Grace & White Inc. NY now owns 271,206 shares of the transportation company’s stock worth $2,742,000 after purchasing an additional 184,736 shares in the last quarter. Callahan Advisors LLC increased its stake in shares of USA Truck by 13.8% in the 2nd quarter. Callahan Advisors LLC now owns 29,596 shares of the transportation company’s stock worth $299,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of USA Truck by 45.3% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 21,037 shares of the transportation company’s stock worth $213,000 after purchasing an additional 6,560 shares in the last quarter. Hedge funds and other institutional investors own 72.66% of the company’s stock.

Several equities research analysts have recently commented on the company. ValuEngine upgraded USA Truck from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Stephens assumed coverage on USA Truck in a research note on Monday, July 1st. They issued a “buy” rating for the company. Zacks Investment Research upgraded USA Truck from a “strong sell” rating to a “hold” rating in a research note on Saturday. Cowen reduced their price objective on USA Truck from $17.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Stifel Nicolaus set a $16.00 price objective on USA Truck and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $20.00.

Shares of USAK stock opened at $7.76 on Wednesday. USA Truck, Inc. has a 52-week low of $7.31 and a 52-week high of $22.64. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market capitalization of $69.59 million, a PE ratio of 4.97 and a beta of 1.42. The stock has a fifty day simple moving average of $8.54 and a two-hundred day simple moving average of $11.03.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Thursday, July 25th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.22). USA Truck had a return on equity of 14.27% and a net margin of 1.87%. The business had revenue of $133.62 million during the quarter, compared to analysts’ expectations of $138.20 million. On average, sell-side analysts forecast that USA Truck, Inc. will post 0.86 EPS for the current fiscal year.

In other USA Truck news, CFO Jason R. Bates purchased 15,000 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was acquired at an average price of $8.40 per share, for a total transaction of $126,000.00. Following the purchase, the chief financial officer now owns 118,155 shares of the company’s stock, valued at approximately $992,502. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy W. Guin purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average price of $8.17 per share, with a total value of $81,700.00. Following the purchase, the executive vice president now directly owns 52,687 shares in the company, valued at approximately $430,452.79. The disclosure for this purchase can be found here. Insiders acquired a total of 34,896 shares of company stock valued at $289,084 in the last quarter. 6.70% of the stock is currently owned by company insiders.

USA Truck Company Profile

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

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