Rush Enterprises’ (RUSHA) “Overweight” Rating Reiterated at Stephens

Stephens reaffirmed their overweight rating on shares of Rush Enterprises (NASDAQ:RUSHA) in a report published on Wednesday, Benzinga reports. Stephens currently has a $60.00 price target on the stock.

Separately, StockNews.com cut Rush Enterprises from a buy rating to a hold rating in a research report on Monday, January 1st.

Rush Enterprises Stock Down 5.7 %

Shares of NASDAQ RUSHA opened at $46.44 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 1.35. Rush Enterprises has a 52 week low of $33.37 and a 52 week high of $53.78. The stock has a market capitalization of $3.62 billion, a P/E ratio of 11.74, a PEG ratio of 1.14 and a beta of 1.02. The stock’s fifty day moving average is $49.41 and its 200 day moving average is $44.82.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 17.28% and a net margin of 4.16%. The company had revenue of $1.87 billion for the quarter. During the same quarter in the previous year, the business posted $1.07 EPS. Sell-side analysts forecast that Rush Enterprises will post 2.88 earnings per share for the current fiscal year.

Rush Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises’s dividend payout ratio is presently 17.19%.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the sale, the senior vice president now directly owns 2,777 shares of the company’s stock, valued at $134,073.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.10% of the company’s stock.

Institutional Trading of Rush Enterprises

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Rush Enterprises by 1.3% in the fourth quarter. Franklin Resources Inc. now owns 16,941 shares of the company’s stock worth $852,000 after acquiring an additional 219 shares during the period. Hexagon Capital Partners LLC lifted its stake in shares of Rush Enterprises by 70.3% in the first quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Rush Enterprises by 13.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock worth $130,000 after acquiring an additional 300 shares during the period. GAMMA Investing LLC lifted its stake in shares of Rush Enterprises by 352.2% in the first quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock worth $28,000 after acquiring an additional 405 shares during the period. Finally, Nilsine Partners LLC lifted its stake in shares of Rush Enterprises by 1.2% in the first quarter. Nilsine Partners LLC now owns 45,822 shares of the company’s stock worth $2,452,000 after acquiring an additional 552 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

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 and Canada. 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, IC Bus, Blue Bird, and Dennis Eagle.