Rush Enterprises (NASDAQ:RUSHA) has been given a $49.00 target price by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 5.65% from the company’s current price.
A number of other equities research analysts have also weighed in on the company. ValuEngine lowered Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. BMO Capital Markets restated a “market perform” rating and set a $50.00 price target (up previously from $42.00) on shares of Rush Enterprises in a report on Monday, October 30th. They noted that the move was a valuation call. Stephens upgraded Rush Enterprises from an “equal weight” rating to an “overweight” rating in a report on Friday. Seaport Global Securities reiterated a “buy” rating and set a $62.00 target price on shares of Rush Enterprises in a report on Wednesday, January 17th. Finally, BidaskClub downgraded Rush Enterprises from a “hold” rating to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Rush Enterprises has a consensus rating of “Hold” and a consensus target price of $51.00.
Rush Enterprises (NASDAQ:RUSHA) traded up $0.92 during trading hours on Friday, reaching $46.38. The company had a trading volume of 141,200 shares, compared to its average volume of 227,309. The company has a market capitalization of $1,889.72, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.24 and a beta of 1.09. Rush Enterprises has a 12 month low of $30.74 and a 12 month high of $55.40. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55.
In related news, SVP James E. Thor sold 24,200 shares of the company’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 value of $1,178,540.00. Following the sale, the senior vice president now owns 39,032 shares in the company, valued at approximately $1,900,858.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott T. Anderson sold 12,144 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $50.76, for a total value of $616,429.44. Following the completion of the sale, the senior vice president now owns 3,600 shares in the company, valued at approximately $182,736. The disclosure for this sale can be found here. Corporate insiders own 11.19% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its position 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 in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Rush Enterprises by 12.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,900 shares of the company’s stock valued at $256,000 after buying an additional 780 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Rush Enterprises by 7.1% during the 2nd quarter. Voya Investment Management LLC now owns 16,589 shares of the company’s stock valued at $617,000 after buying an additional 1,106 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Rush Enterprises by 5.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 22,419 shares of the company’s stock valued at $1,138,000 after buying an additional 1,161 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Rush Enterprises by 7.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,543 shares of the company’s stock valued at $615,000 after buying an additional 1,218 shares during the period. 77.80% of the stock is currently owned by institutional investors and hedge funds.
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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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