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

Rush Enterprises (NASDAQ:RUSHA - Get Free Report)'s stock had its "overweight" rating restated by equities researchers at Stephens in a note issued to investors on Wednesday, Benzinga reports. They currently have a $60.00 price objective on the stock. Stephens' target price would indicate a potential upside of 29.20% from the company's current price.

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

Rush Enterprises Stock Performance

Shares of RUSHA traded down $2.79 on Wednesday, reaching $46.44. 521,047 shares of the stock traded hands, compared to its average volume of 378,131. The stock's 50-day moving average price is $49.42 and its 200-day moving average price is $44.81. Rush Enterprises has a 12 month low of $33.37 and a 12 month high of $53.78. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.12 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Rush Enterprises had a return on equity of 18.44% and a net margin of 4.38%. The firm had revenue of $1.87 billion for the quarter. During the same quarter last year, the company earned $1.07 earnings per share. Equities analysts forecast that Rush Enterprises will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jody Pollard sold 11,250 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the transaction, the senior vice president now directly owns 2,777 shares of the company's stock, valued at $134,073.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is owned by corporate insiders.

Institutional Trading of Rush Enterprises

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings 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 purchasing an additional 405 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings 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 purchasing an additional 287 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Rush Enterprises during the 4th quarter worth approximately $43,000. Future Financial Wealth Managment LLC acquired a new stake in Rush Enterprises during the 1st quarter worth approximately $54,000. Finally, Gladius Capital Management LP lifted 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. 84.43% of the stock is owned by institutional investors and hedge funds.

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.