Rush Enterprises (NASDAQ:RUSHA) Upgraded at Wall Street Zen

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

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

Rush Enterprises Price Performance

Shares of NASDAQ:RUSHA opened at $54.54 on Friday. Rush Enterprises has a 12 month low of $41.07 and a 12 month high of $65.43. The firm has a market capitalization of $4.24 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.54 and a beta of 0.88. 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 company's fifty day moving average price is $50.62 and its 200 day moving average price is $54.08.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 13.82% and a net margin of 3.76%. As a group, sell-side analysts predict that Rush Enterprises will post 3.91 earnings per share for the current fiscal year.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, COO Jason Wilder sold 748 shares of Rush Enterprises stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $56.08, for a total transaction of $41,947.84. Following the completion of the transaction, the chief operating officer owned 84,672 shares in the company, valued at approximately $4,748,405.76. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael L. Goldstone sold 4,500 shares of the company's stock in a transaction dated 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 directly owned 12,510 shares in the company, valued at $651,771. This trade represents a 26.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,731 shares of company stock worth $303,634 in the last three months. Corporate insiders own 12.28% of the company's stock.

Hedge Funds Weigh In On Rush Enterprises

A number of institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Rush Enterprises by 82.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 481 shares of the company's stock valued at $26,000 after buying an additional 217 shares during the last quarter. AlphaQuest LLC purchased a new stake in Rush Enterprises in the 1st quarter worth approximately $30,000. Smartleaf Asset Management LLC raised its holdings in Rush Enterprises by 475.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after acquiring an additional 703 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Rush Enterprises by 121.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after acquiring an additional 616 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Rush Enterprises by 29.4% during the 1st quarter. GAMMA Investing LLC now owns 1,267 shares of the company's stock worth $68,000 after purchasing an additional 288 shares during the period. 84.43% of the stock is owned by institutional investors and hedge funds.

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.

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