Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Rated “Hold” by Wall Street Brokerages

Rush Enterprises, Inc. (NASDAQ:RUSHA) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $46.00.

RUSHA has been the subject of several research analyst reports. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Zacks Research downgraded shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. UBS Group reiterated a “neutral” rating and set a $56.67 price objective (up from $52.00) on shares of Rush Enterprises in a research report on Tuesday, August 25th. Finally, Stephens increased their price objective on shares of Rush Enterprises from $40.00 to $42.22 and gave the company an “overweight” rating in a research note on Thursday, July 30th.

Insider Transactions at Rush Enterprises

In related news, CFO Steven L. Keller sold 46,525 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $35.88, for a total transaction of $1,669,317.00. Following the sale, the chief financial officer owned 189,841 shares in the company, valued at $6,811,495.08. The trade was a 19.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William M. Rusty Rush sold 161,041 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $36.02, for a total value of $5,801,054.69. Following the completion of the transaction, the chief executive officer directly owned 391,846 shares of the company’s stock, valued at approximately $14,115,163.69. The trade was a 29.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 252,561 shares of company stock valued at $9,092,298 over the last quarter. 12.68% of the stock is currently owned by insiders.

Institutional Trading of Rush Enterprises

A number of hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new stake in shares of Rush Enterprises during the second quarter worth about $25,000. Root Financial Partners LLC increased its stake in shares of Rush Enterprises by 75.4% in the first quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the period. Lazard Asset Management LLC bought a new position in Rush Enterprises in the 1st quarter valued at approximately $67,000. Versant Capital Management Inc boosted its position in Rush Enterprises by 292.1% during the 2nd quarter. Versant Capital Management Inc now owns 1,333 shares of the company’s stock worth $97,000 after buying an additional 993 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Rush Enterprises by 40.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,490 shares of the company’s stock worth $99,000 after buying an additional 429 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Trading Down 0.1%

Shares of RUSHA opened at $47.98 on Friday. Rush Enterprises has a 52-week low of $30.45 and a 52-week high of $55.74. The business’s fifty day moving average is $45.38 and its 200-day moving average is $36.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.38 and a current ratio of 1.45. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.73 and a beta of 0.88.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. Equities analysts anticipate that Rush Enterprises will post 2.43 EPS for the current fiscal year.

Rush Enterprises Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. This is a drop from Rush Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, September 9th. Rush Enterprises’s dividend payout ratio (DPR) is currently 25.34%.

Rush Enterprises Company Profile

Rush Enterprises, Inc operates Rush Truck Centers, a network of commercial vehicle dealerships serving the transportation and related industries in the United States. The company sells new and used heavy- and medium-duty trucks, including vehicles from manufacturers such as Peterbilt, International, Isuzu, Ford and IC Bus.

In addition to vehicle sales, Rush Truck Centers provides aftermarket support through parts distribution, maintenance and repair services, mobile service, collision repair, equipment leasing and rental, and other solutions designed to support commercial fleets.