Rush Enterprises (NASDAQ:RUSHA - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
A number of other analysts have also recently weighed in on the stock. Stephens restated an "overweight" rating on shares of Rush Enterprises in a research note on Monday, August 4th. Wall Street Zen cut shares of Rush Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Rush Enterprises has a consensus rating of "Buy" and an average price target of $61.00.
Check Out Our Latest Analysis on Rush Enterprises
Rush Enterprises Price Performance
Shares of Rush Enterprises stock opened at $50.63 on Wednesday. The firm has a fifty day simple moving average of $56.09 and a 200-day simple moving average of $53.19. The company has a current ratio of 1.39, a quick ratio of 0.32 and a debt-to-equity ratio of 0.23. Rush Enterprises has a 1-year low of $47.06 and a 1-year high of $65.43. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.42 and a beta of 0.89.
Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.10. Rush Enterprises had a net margin of 3.73% and a return on equity of 13.29%. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.89 billion. On average, sell-side analysts expect that Rush Enterprises will post 3.91 earnings per share for the current year.
Insider Buying and Selling at Rush Enterprises
In other Rush Enterprises news, Director Michael Mcroberts sold 6,000 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $54.64, for a total value of $327,840.00. Following the sale, the director owned 15,771 shares of the company's stock, valued at $861,727.44. The trade was a 27.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Jason Wilder sold 4,980 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $55.55, for a total transaction of $276,639.00. Following the completion of the sale, the chief operating officer directly owned 79,692 shares in the company, valued at $4,426,890.60. This trade represents a 5.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,480 shares of company stock valued at $862,104 in the last 90 days. 12.28% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Rush Enterprises
Several institutional investors and hedge funds have recently bought and sold shares of RUSHA. Caitong International Asset Management Co. Ltd increased its holdings in Rush Enterprises by 82.2% in the 1st 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 period. AlphaQuest LLC bought a new stake in Rush Enterprises in the 1st quarter valued at $30,000. EverSource Wealth Advisors LLC increased its holdings in Rush Enterprises by 427.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 781 shares of the company's stock valued at $40,000 after buying an additional 633 shares during the period. Smartleaf Asset Management LLC increased its holdings in Rush Enterprises by 26.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,078 shares of the company's stock valued at $58,000 after buying an additional 227 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Rush Enterprises by 29.4% in 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 last quarter. Institutional investors own 84.43% of the company's stock.
About Rush Enterprises
(
Get Free Report)
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.
Further Reading
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