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

Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA) have been assigned an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $83.6667.

A number of research firms have weighed in on RUSHA. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. UBS Group boosted their target price on shares of Rush Enterprises from $73.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. Stephens reaffirmed an “overweight” rating and set a $85.00 target price on shares of Rush Enterprises in a research note on Tuesday, May 19th. Wolfe Research began coverage on shares of Rush Enterprises in a research note on Monday, April 27th. They set an “outperform” rating and a $88.00 target price on the stock. Finally, Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, June 14th.

Rush Enterprises Stock Performance

NASDAQ RUSHA opened at $70.11 on Tuesday. The firm’s fifty day moving average price is $70.61 and its two-hundred day moving average price is $65.85. The stock has a market cap of $5.45 billion, a PE ratio of 21.18, a PEG ratio of 1.49 and a beta of 0.88. Rush Enterprises has a fifty-two week low of $45.67 and a fifty-two week high of $76.99. 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 (NASDAQ:RUSHA) last posted 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 firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Rush Enterprises had a net margin of 3.65% and a return on equity of 11.87%. On average, equities analysts expect that Rush Enterprises will post 3.79 EPS for the current fiscal year.

Rush Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, May 12th. Rush Enterprises’s payout ratio is 22.96%.

Insider Activity at Rush Enterprises

In other news, Director Michael Mcroberts sold 8,000 shares of Rush Enterprises stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $72.23, for a total transaction of $577,840.00. Following the transaction, the director owned 16,229 shares in the company, valued at approximately $1,172,220.67. The trade was a 33.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 12.68% of the company’s stock.

Hedge Funds Weigh In On Rush Enterprises

A number of hedge funds have recently modified their holdings of the business. Public Sector Pension Investment Board lifted its holdings in Rush Enterprises by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 238,940 shares of the company’s stock valued at $12,776,000 after buying an additional 30,293 shares during the period. American Century Companies Inc. lifted its holdings in Rush Enterprises by 38.6% in the third quarter. American Century Companies Inc. now owns 1,173,429 shares of the company’s stock valued at $62,743,000 after buying an additional 326,917 shares during the period. Natixis Advisors LLC lifted its holdings in Rush Enterprises by 21.3% in the third quarter. Natixis Advisors LLC now owns 225,381 shares of the company’s stock valued at $12,051,000 after buying an additional 39,604 shares during the period. SG Americas Securities LLC lifted its holdings in Rush Enterprises by 63.9% in the fourth quarter. SG Americas Securities LLC now owns 27,040 shares of the company’s stock valued at $1,459,000 after buying an additional 10,545 shares during the period. Finally, Elo Mutual Pension Insurance Co acquired a new position in Rush Enterprises in the third quarter valued at $978,000. Institutional investors and hedge funds 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.