Rush Enterprises’ (RUSHA) Overweight Rating Reiterated at Stephens

Rush Enterprises (NASDAQ:RUSHA)‘s stock had its “overweight” rating reiterated by research analysts at Stephens in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $60.00 price objective on the stock. Stephens’ target price suggests a potential upside of 32.13% from the stock’s current price.

Separately, StockNews.com cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a report on Monday, January 1st.

Rush Enterprises Price Performance

Shares of NASDAQ RUSHA opened at $45.41 on Wednesday. Rush Enterprises has a 1 year low of $33.37 and a 1 year high of $53.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27. The company’s 50-day moving average is $49.35 and its 200 day moving average is $44.83. The stock has a market capitalization of $3.54 billion, a P/E ratio of 11.48, a P/E/G ratio of 1.14 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.28%. The company had revenue of $1.87 billion for the quarter. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, sell-side analysts expect that Rush Enterprises will post 2.88 earnings per share for the current year.

Insiders Place Their Bets

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $48.28, for a total value of $543,150.00. Following the sale, the senior vice president now owns 2,777 shares in the company, valued at $134,073.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RUSHA. GAMMA Investing LLC lifted its stake in shares of Rush Enterprises by 352.2% in the first quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock worth $28,000 after buying an additional 405 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake 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 worth $37,000 after buying 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 worth approximately $43,000. Gladius Capital Management LP lifted its position in Rush Enterprises by 891.2% during 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 during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Rush Enterprises during the first quarter valued at approximately $54,000. Institutional investors own 84.43% of the company’s stock.

Rush Enterprises Company Profile

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.