Rush Enterprises, Inc. (NASDAQ:RUSHA) Given Consensus Rating of “Hold” by Analysts

Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $83.6667.

Several analysts recently weighed in on RUSHA shares. UBS Group upped their price target on Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research downgraded Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Stephens restated an “overweight” rating and issued a $85.00 price target on shares of Rush Enterprises in a research note on Tuesday, May 19th. Finally, Weiss Ratings upgraded Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th.

Insider Buying and Selling at Rush Enterprises

In related news, Director Michael Mcroberts sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $72.23, for a total value of $577,840.00. Following the sale, the director owned 16,229 shares in the company, valued at $1,172,220.67. This represents a 33.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 12.68% of the stock is owned by insiders.

Institutional Trading of Rush Enterprises

Several institutional investors have recently added to or reduced their stakes in RUSHA. Royal Bank of Canada boosted its stake in Rush Enterprises by 33.6% during the 1st quarter. Royal Bank of Canada now owns 10,786 shares of the company’s stock valued at $575,000 after purchasing an additional 2,715 shares during the last quarter. AQR Capital Management LLC boosted its stake in Rush Enterprises by 8.0% during the 1st quarter. AQR Capital Management LLC now owns 24,509 shares of the company’s stock valued at $1,309,000 after purchasing an additional 1,806 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Rush Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,225 shares of the company’s stock valued at $1,935,000 after purchasing an additional 1,592 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Rush Enterprises by 18.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 390,387 shares of the company’s stock valued at $20,851,000 after purchasing an additional 60,615 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in Rush Enterprises during the 1st quarter valued at $221,000. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Stock Up 0.1%

RUSHA stock opened at $70.05 on Tuesday. Rush Enterprises has a fifty-two week low of $45.67 and a fifty-two week high of $76.99. The business’s 50 day moving average price is $70.43 and its two-hundred day moving average price is $65.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.46. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.73 billion. As a group, analysts forecast that Rush Enterprises will post 3.79 earnings per share for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th were paid a $0.19 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.1%. Rush Enterprises’s dividend payout ratio is presently 22.96%.

About Rush Enterprises

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.