Rush Enterprises (NASDAQ:RUSHA) Rating Lowered to Hold at Wall Street Zen

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

Separately, Stephens lowered their target price on shares of Rush Enterprises from $63.00 to $61.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd.

Rush Enterprises Stock Up 0.1%

Shares of RUSHA stock traded up $0.03 on Friday, hitting $52.12. The company's stock had a trading volume of 354,400 shares, compared to its average volume of 403,233. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.52 and a beta of 0.88. Rush Enterprises has a fifty-two week low of $46.30 and a fifty-two week high of $65.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.44 and a quick ratio of 0.32. The firm's fifty day moving average price is $51.09 and its 200-day moving average price is $54.00.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.86 billion. Rush Enterprises had a net margin of 3.76% and a return on equity of 13.82%. Research analysts anticipate that Rush Enterprises will post 3.91 EPS for the current year.

Insider Activity at Rush Enterprises

In other news, SVP Michael L. Goldstone sold 4,500 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $52.10, for a total transaction of $234,450.00. Following the completion of the sale, the senior vice president owned 12,510 shares of the company's stock, valued at $651,771. This represents a 26.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jason Wilder sold 748 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $56.08, for a total transaction of $41,947.84. Following the sale, the chief operating officer directly owned 84,672 shares of the company's stock, valued at $4,748,405.76. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,731 shares of company stock valued at $303,634 in the last ninety days. Insiders own 12.28% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in Rush Enterprises by 1.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,218,650 shares of the company's stock valued at $118,499,000 after acquiring an additional 41,407 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Rush Enterprises by 6.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,302,218 shares of the company's stock valued at $69,552,000 after buying an additional 79,499 shares in the last quarter. Beck Mack & Oliver LLC raised its position in shares of Rush Enterprises by 0.5% in the 4th quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company's stock valued at $58,821,000 after buying an additional 5,823 shares in the last quarter. Jennison Associates LLC raised its position in shares of Rush Enterprises by 73.3% in the 1st quarter. Jennison Associates LLC now owns 882,911 shares of the company's stock valued at $47,156,000 after buying an additional 373,531 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Rush Enterprises by 12.0% in the 1st quarter. Northern Trust Corp now owns 879,554 shares of the company's stock valued at $46,977,000 after buying an additional 94,271 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company's stock.

Rush Enterprises Company Profile

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.