Brokerages Set Rush Enterprises, Inc. (NASDAQ:RUSHA) PT at $80.33

Rush Enterprises, Inc. (NASDAQ:RUSHA) has received an average rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $83.6667.

RUSHA has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on shares of Rush Enterprises in a report on Monday, April 27th. They issued an “outperform” rating and a $88.00 target price for the company. Stephens reaffirmed an “overweight” rating and issued a $85.00 target price (up from $80.00) on shares of Rush Enterprises in a report on Thursday. Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. UBS Group increased their target price on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th.

Insider Buying and Selling at Rush Enterprises

In other news, Director Raymond Joseph Chess sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $65.05, for a total transaction of $650,500.00. Following the completion of the transaction, the director directly owned 41,170 shares of the company’s stock, valued at $2,678,108.50. This trade represents a 19.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Mcroberts sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $72.23, for a total transaction of $577,840.00. Following the transaction, the director directly owned 16,229 shares of the company’s stock, valued at approximately $1,172,220.67. This trade represents a 33.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 41,750 shares of company stock valued at $2,927,290. Company insiders own 12.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RUSHA. Farther Finance Advisors LLC increased its stake in shares of Rush Enterprises by 250.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock worth $27,000 after purchasing an additional 365 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of Rush Enterprises by 75.4% during the 1st quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Rush Enterprises by 495.4% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock worth $28,000 after purchasing an additional 431 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Rush Enterprises by 211.4% during the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock worth $29,000 after purchasing an additional 370 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Rush Enterprises during the 3rd quarter worth approximately $34,000. 84.43% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $72.99 on Monday. Rush Enterprises has a 12-month low of $45.67 and a 12-month high of $76.99. The company has a current ratio of 1.46, a quick ratio of 0.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $5.62 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.93. The company has a 50-day moving average of $69.00 and a two-hundred day moving average of $61.23.

Rush Enterprises (NASDAQ:RUSHA) last issued its earnings results on Tuesday, April 28th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. Rush Enterprises had a net margin of 3.65% and a return on equity of 11.87%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.73 billion. On average, research analysts anticipate that Rush Enterprises will post 3.79 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 12th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.76 dividend on an annualized basis and a yield of 1.0%. Rush Enterprises’s dividend payout ratio (DPR) is 22.96%.

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.