BidaskClub downgraded shares of Rush Enterprises, Inc. Class A (NASDAQ:RUSHA) from a hold rating to a sell rating in a research note released on Tuesday morning.

Several other research firms have also recently commented on RUSHA. Zacks Investment Research raised shares of Rush Enterprises, Inc. Class A from a hold rating to a buy rating and set a $50.00 target price for the company in a research report on Wednesday, June 27th. ValuEngine cut shares of Rush Enterprises, Inc. Class A from a hold rating to a sell rating in a research report on Monday, July 30th. Finally, Longbow Research raised shares of Rush Enterprises, Inc. Class A from a neutral rating to a buy rating and set a $55.00 target price for the company in a research report on Friday, June 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Rush Enterprises, Inc. Class A has an average rating of Hold and an average price target of $51.43.

Shares of Rush Enterprises, Inc. Class A stock opened at $41.14 on Tuesday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.81 and a beta of 1.33. Rush Enterprises, Inc. Class A has a 12-month low of $37.95 and a 12-month high of $55.40. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.29 and a current ratio of 1.15.

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

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

Several large investors have recently bought and sold shares of RUSHA. Dimensional Fund Advisors LP lifted its position in Rush Enterprises, Inc. Class A by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,641,600 shares of the company’s stock valued at $112,242,000 after acquiring an additional 11,440 shares during the period. BlackRock Inc. lifted its position in Rush Enterprises, Inc. Class A by 9.3% during the 2nd quarter. BlackRock Inc. now owns 2,546,890 shares of the company’s stock valued at $110,486,000 after acquiring an additional 217,371 shares during the period. Scopus Asset Management L.P. purchased a new position in Rush Enterprises, Inc. Class A during the 1st quarter valued at about $47,082,000. Northern Trust Corp lifted its position in Rush Enterprises, Inc. Class A by 0.3% during the 1st quarter. Northern Trust Corp now owns 963,799 shares of the company’s stock valued at $40,952,000 after acquiring an additional 3,263 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Rush Enterprises, Inc. Class A by 17.4% during the 1st quarter. JPMorgan Chase & Co. now owns 807,504 shares of the company’s stock valued at $34,311,000 after acquiring an additional 119,909 shares during the period. 75.35% of the stock is owned by hedge funds and other institutional investors.

Rush Enterprises, Inc. Class A Company Profile

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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