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

Rush Enterprises, Inc. (NASDAQ:RUSHA) has earned a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $83.6667.

A number of equities research analysts have weighed in on RUSHA shares. Wall Street Zen downgraded Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday. Stephens reissued an “overweight” rating and issued a $85.00 price objective on shares of Rush Enterprises in a research note on Tuesday, May 19th. Zacks Research cut Rush Enterprises from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 21st. Wolfe Research started coverage on Rush Enterprises in a research note on Monday, April 27th. They issued an “outperform” rating and a $88.00 price objective for the company. Finally, Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th.

Rush Enterprises Trading Up 0.1%

Shares of RUSHA stock opened at $70.05 on Tuesday. The company has a market cap of $5.44 billion, a P/E ratio of 21.16, a PEG ratio of 1.48 and a beta of 0.89. The stock has a 50 day simple moving average of $70.43 and a two-hundred day simple moving average of $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. Rush Enterprises has a fifty-two week low of $45.67 and a fifty-two week high of $76.99.

Rush Enterprises (NASDAQ:RUSHA) last issued 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. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.73 billion. Rush Enterprises had a return on equity of 11.87% and a net margin of 3.65%. Research analysts forecast that Rush Enterprises will post 3.79 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders 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 payout ratio is presently 22.96%.

Insider Activity

In other Rush Enterprises news, Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction 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 directly owned 16,229 shares in the company, valued at $1,172,220.67. The trade was a 33.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.68% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rush Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC lifted its stake in shares of Rush Enterprises by 75.4% in the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in Rush Enterprises by 495.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after purchasing an additional 431 shares during the last quarter. Private Trust Co. NA raised its position in Rush Enterprises by 211.4% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after purchasing an additional 370 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Rush Enterprises during the 3rd quarter valued at approximately $34,000. Finally, Allworth Financial LP raised its position in Rush Enterprises by 5,790.9% during the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after purchasing an additional 637 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Company Profile

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.