ValuEngine Lowers Rush Enterprises (NASDAQ:RUSHA) to Strong Sell

ValuEngine cut shares of Rush Enterprises (NASDAQ:RUSHA) from a sell rating to a strong sell rating in a research note published on Friday, ValuEngine reports.

Several other analysts also recently weighed in on the stock. Longbow Research downgraded shares of Rush Enterprises from a buy rating to a neutral rating in a research note on Monday, May 6th. BidaskClub raised shares of Zebra Technologies from a hold rating to a buy rating in a research note on Saturday, July 6th. Finally, Zacks Investment Research raised shares of HENKEL AG & CO/S from a sell rating to a hold rating in a research note on Thursday, June 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Rush Enterprises has a consensus rating of Hold and an average price target of $43.00.

Shares of NASDAQ RUSHA opened at $35.16 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.30 billion, a P/E ratio of 9.13, a P/E/G ratio of 0.58 and a beta of 1.33. Rush Enterprises has a 1 year low of $31.53 and a 1 year high of $45.99. The stock has a 50-day moving average price of $35.72.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.48 billion. Rush Enterprises had a net margin of 2.76% and a return on equity of 15.19%. As a group, research analysts predict that Rush Enterprises will post 4.08 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC raised its position in shares of Rush Enterprises by 124.0% in the second quarter. Campbell & CO Investment Adviser LLC now owns 18,335 shares of the company’s stock worth $670,000 after acquiring an additional 10,151 shares during the period. Denali Advisors LLC raised its position in shares of Rush Enterprises by 294.4% in the second quarter. Denali Advisors LLC now owns 21,300 shares of the company’s stock worth $778,000 after acquiring an additional 15,900 shares during the period. Cortina Asset Management LLC raised its position in shares of Rush Enterprises by 67.5% in the second quarter. Cortina Asset Management LLC now owns 167,693 shares of the company’s stock worth $6,124,000 after acquiring an additional 67,588 shares during the period. Nordea Investment Management AB raised its position in shares of Rush Enterprises by 3.3% in the first quarter. Nordea Investment Management AB now owns 98,300 shares of the company’s stock worth $4,110,000 after acquiring an additional 3,100 shares during the period. Finally, Muhlenkamp & Co. Inc. acquired a new position in shares of Rush Enterprises in the first quarter worth about $10,448,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

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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