Rush Enterprises’ (RUSHA) Overweight Rating Reaffirmed at Stephens

Stephens reiterated their overweight rating on shares of Rush Enterprises (NASDAQ:RUSHA) in a report issued on Wednesday morning, Benzinga reports. The brokerage currently has a $60.00 price target on the stock.

Separately, StockNews.com cut Rush Enterprises from a buy rating to a hold rating in a research note on Monday, January 1st.

Rush Enterprises Trading Up 3.0 %

Shares of RUSHA stock opened at $46.76 on Wednesday. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.03 and a beta of 1.02. The stock has a 50-day moving average of $49.35 and a 200-day moving average of $44.87. The company has a current ratio of 1.43, a quick ratio of 0.27 and a debt-to-equity ratio of 0.32. Rush Enterprises has a 1-year low of $33.37 and a 1-year high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The company had revenue of $1.87 billion during the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same period in the previous year, the company posted $1.07 EPS. On average, equities research analysts forecast that Rush Enterprises will post 2.92 earnings per share for the current year.

Rush Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.68 annualized dividend and a yield of 1.45%. Rush Enterprises’s dividend payout ratio is currently 17.19%.

Insider Buying and Selling

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total value of $543,150.00. Following the completion of the sale, the senior vice president now owns 2,777 shares of the company’s stock, valued at $134,073.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rush Enterprises

A number of hedge funds have recently added to or reduced their stakes in RUSHA. GAMMA Investing LLC grew its stake in Rush Enterprises by 352.2% in the first quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock valued at $28,000 after acquiring an additional 405 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Rush Enterprises by 70.3% in the first quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Rush Enterprises in the fourth quarter valued at approximately $43,000. Gladius Capital Management LP lifted its holdings in shares of Rush Enterprises by 891.2% in the third quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock valued at $46,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Rush Enterprises in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

About Rush Enterprises

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, Blue Bird, and Dennis Eagle.