ValuEngine cut shares of Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) from a hold rating to a sell rating in a report released on Friday.

Other analysts have also issued reports about the company. Zacks Investment Research raised Rush Enterprises, Inc. Class A from a hold rating to a buy rating and set a $50.00 price objective for the company in a report on Wednesday, June 27th. Longbow Research raised Rush Enterprises, Inc. Class A from a neutral rating to a buy rating and set a $55.00 price objective for the company in a report on Friday, June 1st. Finally, BidaskClub raised Rush Enterprises, Inc. Class A from a sell rating to a hold rating in a report on Saturday, May 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Rush Enterprises, Inc. Class A presently has a consensus rating of Buy and a consensus price target of $51.43.

Rush Enterprises, Inc. Class A stock traded down $0.60 during midday trading on Friday, hitting $40.70. The stock had a trading volume of 312,666 shares, compared to its average volume of 143,096. The company has a quick ratio of 0.29, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.62 billion, a P/E ratio of 17.77, a P/E/G ratio of 0.82 and a beta of 1.32. Rush Enterprises, Inc. Class A has a 12 month low of $37.95 and a 12 month high of $55.40.

Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, July 24th. The company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.19. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. Rush Enterprises, Inc. Class A had a return on equity of 12.17% and a net margin of 3.68%. equities research analysts anticipate that Rush Enterprises, Inc. Class A will post 3.36 earnings per share for the current year.

The business also recently announced an annual dividend, which was paid on Wednesday, August 29th. Stockholders of record on Wednesday, August 8th were issued a dividend of $0.12 per share. This represents a dividend yield of 0.28%. The ex-dividend date was Tuesday, August 7th. Rush Enterprises, Inc. Class A’s dividend payout ratio (DPR) is presently 20.96%.

Several large investors have recently bought and sold shares of RUSHA. Acadian Asset Management LLC boosted its position in shares of Rush Enterprises, Inc. Class A by 442.3% during the second quarter. Acadian Asset Management LLC now owns 3,259 shares of the company’s stock worth $141,000 after buying an additional 2,658 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of Rush Enterprises, Inc. Class A during the first quarter worth approximately $215,000. Vista Investment Management acquired a new position in shares of Rush Enterprises, Inc. Class A during the second quarter worth approximately $231,000. Trexquant Investment LP acquired a new position in shares of Rush Enterprises, Inc. Class A during the second quarter worth approximately $232,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Rush Enterprises, Inc. Class A during the first quarter worth approximately $230,000. 75.36% of the stock is owned by institutional investors.

About Rush Enterprises, Inc. Class A

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.

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Analyst Recommendations for Rush Enterprises, Inc. Class A (NASDAQ:RUSHA)

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