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

Rush Enterprises, Inc. (NASDAQ:RUSHA) has received a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $83.6667.

Several brokerages recently commented on RUSHA. Zacks Research upgraded shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. UBS Group boosted their target price on shares of Rush Enterprises from $73.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Weiss Ratings cut Rush Enterprises from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Wall Street Zen cut Rush Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, June 14th. Finally, Wolfe Research initiated coverage on Rush Enterprises in a research note on Monday, April 27th. They set an “outperform” rating and a $88.00 price target on the stock.

Rush Enterprises Trading Up 2.1%

Shares of NASDAQ:RUSHA traded up $1.54 during trading on Friday, hitting $75.48. The company had a trading volume of 415,347 shares, compared to its average volume of 544,639. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.60 and a beta of 0.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 0.37. The company has a fifty day simple moving average of $70.55 and a two-hundred day simple moving average of $67.63. Rush Enterprises has a one year low of $45.67 and a one year high of $76.99.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.77 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.73 billion. As a group, equities analysts forecast that Rush Enterprises will post 3.79 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 12th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 12th. Rush Enterprises’s dividend payout ratio is presently 22.96%.

Insider Transactions at Rush Enterprises

In related news, Director Michael Mcroberts sold 8,000 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $72.23, for a total value of $577,840.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 12.68% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RUSHA. Root Financial Partners LLC grew its position in Rush Enterprises by 75.4% in the first quarter. Root Financial Partners LLC now owns 407 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Rush Enterprises by 495.4% in 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 grew its holdings 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 during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of Rush Enterprises during the 3rd quarter worth $34,000. Finally, Allworth Financial LP increased its position in shares of Rush Enterprises by 5,790.9% during the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after purchasing an additional 637 shares during the last quarter. 84.43% of the stock is 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.