Rush Enterprises (RUSHA) Lowered to “Sell” at ValuEngine

ValuEngine downgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a hold rating to a sell rating in a report published on Saturday morning, ValuEngine reports.

Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of Rush Enterprises from a hold rating to a buy rating in a report on Friday, April 19th. Zacks Investment Research raised shares of Rush Enterprises from a hold rating to a buy rating and set a $43.00 target price on the stock in a report on Saturday, January 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $47.75.

RUSHA stock opened at $37.68 on Friday. Rush Enterprises has a one year low of $31.53 and a one year high of $46.34. The company has a current ratio of 1.10, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $1.34 billion, a PE ratio of 9.79, a P/E/G ratio of 0.61 and a beta of 1.30.

Rush Enterprises (NASDAQ:RUSHA) last released its earnings results on Wednesday, April 24th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10. Rush Enterprises had a net margin of 2.76% and a return on equity of 15.19%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.48 billion. On average, equities research analysts predict that Rush Enterprises will post 4.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 9th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, May 8th. Rush Enterprises’s payout ratio is 12.47%.

Institutional investors have recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC raised its stake in Rush Enterprises by 26.3% during the first quarter. Peregrine Capital Management LLC now owns 217,047 shares of the company’s stock valued at $9,075,000 after purchasing an additional 45,167 shares in the last quarter. Nordea Investment Management AB raised its stake in Rush Enterprises by 0.8% during the fourth quarter. Nordea Investment Management AB now owns 95,200 shares of the company’s stock valued at $3,283,000 after purchasing an additional 800 shares in the last quarter. South Texas Money Management Ltd. purchased a new stake in Rush Enterprises during the first quarter valued at $209,000. Xact Kapitalforvaltning AB raised its stake in Rush Enterprises by 31.5% during the fourth quarter. Xact Kapitalforvaltning AB now owns 8,351 shares of the company’s stock valued at $288,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Rush Enterprises by 234.5% during the fourth quarter. Bessemer Group Inc. now owns 37,800 shares of the company’s stock valued at $1,303,000 after purchasing an additional 26,500 shares in the last quarter. 76.13% of the stock is currently owned by institutional investors.

About Rush Enterprises

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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