Rush Enterprises (NASDAQ:RUSHA) Receives “Overweight” Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Rush Enterprises (NASDAQ:RUSHA) in a research report report published on Wednesday morning, Benzinga reports. Stephens currently has a $60.00 price target on the stock.

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

Rush Enterprises Stock Performance

Shares of RUSHA opened at $46.44 on Wednesday. Rush Enterprises has a one year low of $33.37 and a one year high of $53.78. The company has a 50-day moving average of $49.41 and a two-hundred day moving average of $44.82. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.35 and a quick ratio of 0.27.

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

Rush Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Tuesday, February 27th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend was Monday, February 26th. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

Insider Buying and Selling at Rush Enterprises

In other news, SVP Jody Pollard sold 11,250 shares of the business’s stock in a transaction on 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 approximately $134,073.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in Rush Enterprises by 352.2% during the 1st 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 position in Rush Enterprises by 70.3% during the 1st 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 acquired a new position in Rush Enterprises during the 4th quarter worth about $43,000. Future Financial Wealth Managment LLC acquired a new position in Rush Enterprises during the 1st quarter worth about $54,000. Finally, Gladius Capital Management LP raised its holdings in Rush Enterprises by 891.2% during the 3rd quarter. Gladius Capital Management LP now owns 1,120 shares of the company’s stock worth $46,000 after purchasing an additional 1,007 shares during the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

About Rush Enterprises

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.