Rush Enterprises (NASDAQ:RUSHA) Downgraded by Wall Street Zen to “Hold”

Rush Enterprises (NASDAQ:RUSHA) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also issued reports on RUSHA. Zacks Research upgraded Rush Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings upgraded Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Stephens reissued an “overweight” rating and issued a $80.00 price objective (up from $55.00) on shares of Rush Enterprises in a report on Thursday, February 19th. Finally, UBS Group restated a “neutral” rating and issued a $73.00 price objective (up from $70.00) on shares of Rush Enterprises in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

Rush Enterprises Trading Down 0.2%

Shares of Rush Enterprises stock opened at $66.08 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. Rush Enterprises has a 12-month low of $45.67 and a 12-month high of $75.99. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 0.81 and a beta of 0.91. The firm’s 50 day simple moving average is $67.58 and its two-hundred day simple moving average is $58.41.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings results on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. Rush Enterprises had a net margin of 3.55% and a return on equity of 11.96%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Analysts predict that Rush Enterprises will post 3.91 EPS for the current year.

Insider Buying and Selling

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $71.92, for a total value of $809,100.00. Following the completion of the transaction, the senior vice president owned 3,385 shares of the company’s stock, valued at $243,449.20. The trade was a 76.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Mcroberts sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $70.81, for a total value of $566,480.00. Following the completion of the sale, the director owned 16,229 shares in the company, valued at $1,149,175.49. The trade was a 33.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,750 shares of company stock valued at $2,349,450 over the last quarter. 12.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RUSHA. Kestra Advisory Services LLC lifted its holdings in Rush Enterprises by 1.1% in the fourth quarter. Kestra Advisory Services LLC now owns 17,907 shares of the company’s stock valued at $966,000 after acquiring an additional 200 shares during the period. California State Teachers Retirement System increased its holdings in shares of Rush Enterprises by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 57,375 shares of the company’s stock valued at $2,955,000 after purchasing an additional 208 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Rush Enterprises by 8.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,969 shares of the company’s stock valued at $159,000 after purchasing an additional 219 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Rush Enterprises by 44.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 748 shares of the company’s stock valued at $40,000 after purchasing an additional 230 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in Rush Enterprises by 3.9% during the second quarter. Ameritas Investment Partners Inc. now owns 6,392 shares of the company’s stock worth $329,000 after buying an additional 237 shares in the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

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.