Rush Enterprises (NASDAQ:RUSHA) Now Covered by Stephens

Analysts at Stephens began coverage on shares of Rush Enterprises (NASDAQ:RUSHA) in a research note issued on Monday, Benzinga reports. The brokerage set an “overweight” rating on the stock.

Rush Enterprises Trading Down 1.5 %

NASDAQ RUSHA opened at $41.20 on Monday. The firm’s 50-day moving average is $43.67 and its two-hundred day moving average is $46.43. Rush Enterprises has a 12 month low of $34.68 and a 12 month high of $53.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.43 and a quick ratio of 0.28. The stock has a market capitalization of $3.24 billion, a P/E ratio of 10.41, a PEG ratio of 1.89 and a beta of 1.02.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $1.87 billion for the quarter. Rush Enterprises had a net margin of 4.16% and a return on equity of 17.16%. During the same quarter last year, the company earned $1.07 earnings per share. On average, sell-side analysts anticipate that Rush Enterprises will post 3 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Jason Wilder sold 11,250 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $46.23, for a total value of $520,087.50. Following the completion of the transaction, the senior vice president now directly owns 534 shares of the company’s stock, valued at $24,686.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.53% of the company’s stock.

Institutional Investors Weigh In On Rush Enterprises

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Rush Enterprises by 49.0% in the third quarter. Vanguard Group Inc. now owns 6,915,478 shares of the company’s stock worth $282,359,000 after acquiring an additional 2,274,689 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Rush Enterprises by 49.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,193,077 shares of the company’s stock valued at $252,863,000 after purchasing an additional 2,041,125 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Rush Enterprises by 41.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,531,048 shares of the company’s stock valued at $103,343,000 after purchasing an additional 744,310 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Rush Enterprises by 239.1% in the 1st quarter. William Blair Investment Management LLC now owns 794,375 shares of the company’s stock valued at $42,515,000 after purchasing an additional 560,138 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Rush Enterprises during the 4th quarter valued at about $20,954,000. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Company Profile

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.