Stifel Nicolaus Reaffirms Hold Rating for Rush Enterprises (RUSHA)

Rush Enterprises (NASDAQ:RUSHA)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a report released on Tuesday. They currently have a $51.00 price target on the stock. Stifel Nicolaus’ target price would indicate a potential downside of 4.23% from the stock’s current price.

RUSHA has been the subject of several other reports. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, October 18th. ValuEngine raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $50.00 price objective (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. BidaskClub lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $62.00 price objective on shares of Rush Enterprises in a research report on Wednesday, January 17th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Rush Enterprises currently has a consensus rating of “Buy” and an average price target of $51.20.

Shares of Rush Enterprises (NASDAQ:RUSHA) traded down $0.02 on Tuesday, reaching $53.25. The company’s stock had a trading volume of 223,540 shares, compared to its average volume of 213,120. The firm has a market cap of $2,120.00, a P/E ratio of 27.59, a PEG ratio of 1.41 and a beta of 1.17. Rush Enterprises has a 52-week low of $30.74 and a 52-week high of $54.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.16 and a quick ratio of 0.29.

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

Rush Enterprises announced that its Board of Directors has approved a share repurchase plan on Thursday, November 30th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, CEO William M. Rusty Rush sold 10,906 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total value of $558,823.44. Following the completion of the sale, the chief executive officer now directly owns 96,155 shares of the company’s stock, valued at approximately $4,926,982.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Derrek Weaver sold 26,732 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the sale, the executive vice president now directly owns 14,733 shares of the company’s stock, valued at $768,031.29. The disclosure for this sale can be found here. Insiders sold a total of 73,982 shares of company stock valued at $3,747,332 over the last ninety days. 11.19% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of RUSHA. Schwab Charles Investment Management Inc. increased its holdings in Rush Enterprises by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 261,534 shares of the company’s stock worth $9,724,000 after purchasing an additional 3,496 shares in the last quarter. Legal & General Group Plc increased its holdings in Rush Enterprises by 0.5% during the 2nd quarter. Legal & General Group Plc now owns 42,999 shares of the company’s stock worth $1,597,000 after purchasing an additional 199 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Rush Enterprises during the 2nd quarter worth approximately $296,000. Wells Fargo & Company MN increased its holdings in Rush Enterprises by 11.9% during the 2nd quarter. Wells Fargo & Company MN now owns 36,719 shares of the company’s stock worth $1,366,000 after purchasing an additional 3,913 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in Rush Enterprises by 5.3% during the 2nd quarter. Teachers Advisors LLC now owns 56,496 shares of the company’s stock worth $2,101,000 after purchasing an additional 2,840 shares in the last quarter. 76.23% of the stock is 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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