Rush Enterprises (NASDAQ:RUSHA) Rating Lowered to Neutral at Longbow Research

Longbow Research cut shares of Rush Enterprises (NASDAQ:RUSHA) from a buy rating to a neutral rating in a report issued on Monday, May 6th, Briefing.com Automated Import reports.

Several other equities research analysts have also issued reports on RUSHA. Zacks Investment Research lowered shares of Rush Enterprises from a buy rating to a hold rating in a research note on Friday, February 1st. ValuEngine raised shares of Rush Enterprises from a sell rating to a hold rating in a research note on Friday, February 15th. Finally, BidaskClub raised shares of Rush Enterprises from a hold rating to a buy rating in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Rush Enterprises has a consensus rating of Hold and an average target price of $47.75.

Rush Enterprises stock traded down $0.30 during mid-day trading on Monday, hitting $35.73. The company’s stock had a trading volume of 178,700 shares, compared to its average volume of 164,021. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.21 and a current ratio of 1.10. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 0.59 and a beta of 1.30. Rush Enterprises has a twelve month low of $31.53 and a twelve month high of $46.34.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.48 billion. As a group, equities analysts predict that Rush Enterprises will post 4.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be given a $0.12 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.34%. Rush Enterprises’s dividend payout ratio (DPR) is presently 12.47%.

Large investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC lifted its position in shares of Rush Enterprises by 109.8% during the fourth quarter. FNY Investment Advisers LLC now owns 1,200 shares of the company’s stock worth $41,000 after purchasing an additional 628 shares in the last quarter. Optimum Investment Advisors acquired a new position in shares of Rush Enterprises during the first quarter worth approximately $50,000. Quantamental Technologies LLC acquired a new position in shares of Rush Enterprises during the first quarter worth approximately $95,000. Great West Life Assurance Co. Can lifted its position in shares of Rush Enterprises by 9.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 3,683 shares of the company’s stock worth $122,000 after purchasing an additional 321 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Rush Enterprises during the first quarter worth approximately $126,000. Hedge funds and other institutional investors own 74.16% 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. 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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