Rush Enterprises, Inc. (NASDAQ:RUSHA) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 623,200 shares, an increase of 17.1% from the July 31st total of 532,200 shares. Approximately 2.3% of the shares of the company are sold short. Based on an average daily trading volume, of 198,200 shares, the days-to-cover ratio is presently 3.1 days.
Shares of NASDAQ:RUSHA traded up $0.55 during trading on Friday, reaching $41.38. 81,353 shares of the stock were exchanged, compared to its average volume of 193,027. Rush Enterprises has a 12 month low of $31.53 and a 12 month high of $45.99. The firm has a market cap of $1.49 billion, a PE ratio of 10.75, a PEG ratio of 0.68 and a beta of 1.35. The stock has a 50-day moving average price of $37.62 and a 200-day moving average price of $38.82. The company has a current ratio of 1.11, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50.
Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.10. Rush Enterprises had a return on equity of 15.38% and a net margin of 2.88%. The company had revenue of $1.54 billion during the quarter. On average, sell-side analysts expect that Rush Enterprises will post 4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, August 8th. This is a boost from Rush Enterprises’s previous quarterly dividend of $0.12. Rush Enterprises’s payout ratio is currently 13.51%.
Several large investors have recently modified their holdings of RUSHA. FNY Investment Advisers LLC boosted its stake in shares of Rush Enterprises by 61.5% in the second quarter. FNY Investment Advisers LLC now owns 1,050 shares of the company’s stock valued at $38,000 after buying an additional 400 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Rush Enterprises in the second quarter valued at approximately $58,000. SG Americas Securities LLC bought a new stake in shares of Rush Enterprises in the first quarter valued at approximately $126,000. M&T Bank Corp bought a new stake in shares of Rush Enterprises in the second quarter valued at approximately $204,000. Finally, Financial Counselors Inc. bought a new stake in shares of Rush Enterprises in the first quarter valued at approximately $266,000. Institutional investors own 74.34% of the company’s stock.
A number of equities analysts have weighed in on RUSHA shares. ValuEngine raised Rush Enterprises from a “strong sell” rating to a “sell” rating in a research report on Friday, July 26th. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.00.
About Rush Enterprises
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. 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, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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