BidaskClub Lowers Rush Enterprises (NASDAQ:RUSHA) to Hold

BidaskClub cut shares of Rush Enterprises (NASDAQ:RUSHA) from a buy rating to a hold rating in a report released on Tuesday morning, BidAskClub reports.

Several other research firms have also commented on RUSHA. Zacks Investment Research upgraded Rush Enterprises from a sell rating to a hold rating in a research report on Thursday, November 7th. ValuEngine lowered Rush Enterprises from a sell rating to a strong sell rating in a research report on Tuesday.

Rush Enterprises stock traded down $0.42 during mid-day trading on Tuesday, hitting $48.75. The company had a trading volume of 769 shares, compared to its average volume of 158,795. The company has a current ratio of 1.14, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. Rush Enterprises has a 12-month low of $31.53 and a 12-month high of $49.27. The company’s fifty day moving average is $45.18 and its 200-day moving average is $39.08. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.78 and a beta of 1.36.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Rush Enterprises had a return on equity of 14.98% and a net margin of 2.73%. The business had revenue of $1.60 billion for the quarter. As a group, sell-side analysts expect that Rush Enterprises will post 4.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 8th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.07%. Rush Enterprises’s dividend payout ratio (DPR) is 13.51%.

In related news, CFO Steven L. Keller sold 18,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $43.98, for a total value of $791,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William M. Rusty Rush sold 23,657 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $44.81, for a total value of $1,060,070.17. Following the completion of the transaction, the chief executive officer now directly owns 105,718 shares of the company’s stock, valued at $4,737,223.58. The disclosure for this sale can be found here. Company insiders own 12.43% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zebra Capital Management LLC raised its holdings in Rush Enterprises by 29.1% in the 3rd quarter. Zebra Capital Management LLC now owns 17,141 shares of the company’s stock valued at $661,000 after acquiring an additional 3,863 shares during the period. Granahan Investment Management Inc. MA increased its holdings in shares of Rush Enterprises by 1.7% during the third quarter. Granahan Investment Management Inc. MA now owns 321,798 shares of the company’s stock worth $12,415,000 after purchasing an additional 5,225 shares during the period. Vista Investment Management increased its holdings in shares of Rush Enterprises by 4.7% during the third quarter. Vista Investment Management now owns 12,474 shares of the company’s stock worth $481,000 after purchasing an additional 561 shares during the period. California State Teachers Retirement System increased its holdings in shares of Rush Enterprises by 1.6% during the third quarter. California State Teachers Retirement System now owns 43,056 shares of the company’s stock worth $1,661,000 after purchasing an additional 670 shares during the period. Finally, State Street Corp increased its holdings in shares of Rush Enterprises by 0.6% during the third quarter. State Street Corp now owns 634,923 shares of the company’s stock worth $24,495,000 after purchasing an additional 3,580 shares during the period. 75.69% 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.

Featured Article: How Investors Use a Balance Sheet

Receive News & Ratings for Rush Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit