Stephens Reaffirms Overweight Rating for Rush Enterprises (NASDAQ:RUSHA)

Stephens reaffirmed their overweight rating on shares of Rush Enterprises (NASDAQ:RUSHA) in a research note published on Wednesday morning, Benzinga reports. Stephens currently has a $60.00 target price on the stock.

Separately, StockNews.com lowered Rush Enterprises from a buy rating to a hold rating in a research report on Monday, January 1st.

Rush Enterprises Price Performance

Shares of RUSHA stock opened at $46.76 on Wednesday. The stock has a 50-day moving average price of $49.35 and a 200 day moving average price of $44.87. The company has a quick ratio of 0.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.03 and a beta of 1.02. Rush Enterprises has a 12 month low of $33.37 and a 12 month high of $53.78.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $1.87 billion during the quarter. Rush Enterprises had a return on equity of 17.16% and a net margin of 4.16%. During the same quarter in the previous year, the business earned $1.07 earnings per share. Research analysts expect that Rush Enterprises will post 2.92 EPS for the current year.

Rush Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio (DPR) is presently 17.19%.

Insider Activity

In other news, SVP Jody Pollard sold 11,250 shares of Rush Enterprises stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the transaction, the senior vice president now owns 2,777 shares in the company, valued at approximately $134,073.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rush Enterprises

Several institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in Rush Enterprises by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 16,941 shares of the company’s stock valued at $852,000 after acquiring an additional 219 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Rush Enterprises by 70.3% in the 1st quarter. Hexagon Capital Partners LLC now owns 695 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Rush Enterprises by 13.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,590 shares of the company’s stock valued at $130,000 after acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Rush Enterprises by 352.2% during the 1st quarter. GAMMA Investing LLC now owns 520 shares of the company’s stock worth $28,000 after purchasing an additional 405 shares in the last quarter. Finally, Nilsine Partners LLC raised its stake in shares of Rush Enterprises by 1.2% during the 1st quarter. Nilsine Partners LLC now owns 45,822 shares of the company’s stock worth $2,452,000 after purchasing an additional 552 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.

About Rush Enterprises

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.