Rush Enterprises (NASDAQ:RUSHB) Lowered to Sell at ValuEngine

ValuEngine cut shares of Rush Enterprises (NASDAQ:RUSHB) from a hold rating to a sell rating in a research note issued to investors on Tuesday, ValuEngine reports.

Separately, BidaskClub lowered shares of Rush Enterprises from a strong-buy rating to a buy rating in a research report on Tuesday, September 24th.

NASDAQ RUSHB opened at $41.42 on Tuesday. The firm has a 50-day moving average of $39.71 and a 200-day moving average of $39.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.22 and a current ratio of 1.11. The stock has a market cap of $1.50 billion, a PE ratio of 9.29 and a beta of 1.11. Rush Enterprises has a 52-week low of $32.35 and a 52-week high of $45.51.

Rush Enterprises (NASDAQ:RUSHB) last posted its earnings results on Wednesday, July 24th. The company reported $1.10 earnings per share (EPS) for the quarter. The company had revenue of $1.54 billion during the quarter. Rush Enterprises had a net margin of 2.88% and a return on equity of 15.38%.

Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. bought a new stake in shares of Rush Enterprises during the 3rd quarter valued at approximately $44,000. Baker Ellis Asset Management LLC bought a new stake in shares of Rush Enterprises during the 2nd quarter valued at approximately $102,000. Morgan Stanley boosted its position in Rush Enterprises by 207.4% during the 2nd quarter. Morgan Stanley now owns 3,486 shares of the company’s stock worth $129,000 after buying an additional 2,352 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Rush Enterprises by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 27,459 shares of the company’s stock worth $1,014,000 after buying an additional 921 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Rush Enterprises by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,465 shares of the company’s stock worth $1,087,000 after buying an additional 1,286 shares during the period. 10.23% of the stock is currently owned by hedge funds and other institutional investors.

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. 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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