Rush Enterprises (NASDAQ:RUSHA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other research firms have also commented on RUSHA. BidaskClub lowered shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Stifel Nicolaus increased their price target on shares of Rush Enterprises from $41.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, October 30th. BMO Capital Markets reissued a “market perform” rating and set a $50.00 price target (up from $42.00) on shares of Rush Enterprises in a research report on Monday, October 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Wednesday, October 18th. Finally, Buckingham Research initiated coverage on shares of Rush Enterprises in a research report on Tuesday, September 5th. They set a “neutral” rating and a $40.00 price target for the company. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.00.

Rush Enterprises (NASDAQ:RUSHA) opened at $50.81 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55. Rush Enterprises has a 1-year low of $30.36 and a 1-year high of $54.11. The stock has a market cap of $2,023.97, a PE ratio of 26.33, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.25. Rush Enterprises had a net margin of 1.74% and a return on equity of 8.82%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. equities analysts anticipate that Rush Enterprises will post 2.17 earnings per share for the current year.

Rush Enterprises declared that its board has initiated a share repurchase program on Thursday, November 30th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

In other news, SVP Scott T. Anderson sold 12,144 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.76, for a total transaction of $616,429.44. Following the sale, the senior vice president now owns 3,600 shares of the company’s stock, valued at approximately $182,736. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James E. Thor sold 24,200 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $48.70, for a total transaction of $1,178,540.00. Following the sale, the senior vice president now directly owns 39,032 shares in the company, valued at approximately $1,900,858.40. The disclosure for this sale can be found here. Insiders have sold a total of 73,982 shares of company stock valued at $3,747,332 over the last three months. 11.19% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its stake in Rush Enterprises by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock valued at $152,000 after acquiring an additional 316 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Rush Enterprises in the 3rd quarter valued at $1,872,000. Westfield Capital Management Co. LP grew its stake in Rush Enterprises by 18.3% in the 2nd quarter. Westfield Capital Management Co. LP now owns 722,639 shares of the company’s stock valued at $26,868,000 after acquiring an additional 111,813 shares during the period. Schwab Charles Investment Management Inc. grew its stake in Rush Enterprises by 14.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 298,448 shares of the company’s stock valued at $13,816,000 after acquiring an additional 36,914 shares during the period. Finally, Vanguard Group Inc. grew its stake in Rush Enterprises by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,939,802 shares of the company’s stock valued at $109,302,000 after acquiring an additional 230,463 shares during the period. 76.27% of the stock is currently owned by hedge funds and other institutional investors.

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Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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