Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have received an average recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $49.80.
A number of research firms have weighed in on RUSHA. TheStreet upgraded Rush Enterprises from a “c+” rating to a “b-” rating in a research report on Tuesday, June 16th. Credit Suisse Group began coverage on Rush Enterprises in a research report on Friday, July 24th. They set a “hold” rating and a $46.00 price target on the stock. ValuEngine upgraded Rush Enterprises from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. BMO Capital Markets raised their price target on Rush Enterprises from $35.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Finally, BidaskClub cut Rush Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th.
In other Rush Enterprises news, COO Michael Mcroberts sold 3,500 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $48.28, for a total value of $168,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Derrek Weaver sold 22,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $46.43, for a total transaction of $1,021,460.00. The disclosure for this sale can be found here. Insiders sold 202,334 shares of company stock valued at $9,795,120 over the last 90 days. 12.49% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in RUSHA. Macquarie Group Ltd. bought a new stake in Rush Enterprises in the 2nd quarter worth approximately $32,000. Advisor Group Holdings Inc. bought a new stake in shares of Rush Enterprises during the 1st quarter valued at $50,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Rush Enterprises by 80.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,731 shares of the company’s stock valued at $196,000 after acquiring an additional 2,115 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in shares of Rush Enterprises during the 2nd quarter valued at $222,000. Finally, Sawtooth Solutions LLC bought a new stake in shares of Rush Enterprises during the 2nd quarter valued at $253,000. Institutional investors own 74.88% of the company’s stock.
Shares of RUSHA stock traded up $1.15 on Tuesday, reaching $49.40. The company’s stock had a trading volume of 119,757 shares, compared to its average volume of 104,767. The company has a quick ratio of 0.34, a current ratio of 1.20 and a debt-to-equity ratio of 0.45. Rush Enterprises has a 12-month low of $27.25 and a 12-month high of $51.23. The company has a market capitalization of $1.80 billion, a P/E ratio of 17.83, a PEG ratio of 1.67 and a beta of 1.43. The stock’s 50 day simple moving average is $48.56 and its 200-day simple moving average is $40.47.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.52. Rush Enterprises had a return on equity of 8.84% and a net margin of 1.97%. The company had revenue of $1 billion for the quarter. Research analysts expect that Rush Enterprises will post 1.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 7th will be paid a $0.14 dividend. The ex-dividend date is Thursday, August 6th. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 1.13%. Rush Enterprises’s dividend payout ratio (DPR) is presently 14.85%.
Rush Enterprises Company Profile
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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