BidaskClub Lowers Rush Enterprises (RUSHA) to Hold

BidaskClub cut shares of Rush Enterprises (NASDAQ:RUSHA) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research analysts have also weighed in on RUSHA. ValuEngine raised Rush Enterprises from a hold rating to a buy rating in a research report on Friday, September 1st. Zacks Investment Research lowered Rush Enterprises from a strong-buy rating to a hold rating in a research report on Wednesday, September 27th. Stifel Nicolaus increased their target price on Rush Enterprises from $41.00 to $45.00 and gave the stock a hold rating in a research report on Monday, October 30th. BMO Capital Markets reaffirmed a market perform rating and issued a $50.00 target price (up from $42.00) on shares of Rush Enterprises in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, Buckingham Research started coverage on Rush Enterprises in a research report on Tuesday, September 5th. They issued a neutral rating and a $40.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Rush Enterprises currently has an average rating of Hold and a consensus price target of $46.00.

Shares of Rush Enterprises (RUSHA) opened at $48.69 on Friday. The company has a market capitalization of $1,953.06, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55. Rush Enterprises has a fifty-two week low of $29.68 and a fifty-two week high of $54.11.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.25. Rush Enterprises had a return on equity of 8.82% and a net margin of 1.74%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. equities research analysts forecast that Rush Enterprises will post 2.07 earnings per share for the current year.

Rush Enterprises declared that its board has approved a share buyback program on Thursday, November 30th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other Rush Enterprises news, EVP Derrek Weaver sold 26,732 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $52.13, for a total value of $1,393,539.16. Following the transaction, the executive vice president now owns 14,733 shares of the company’s stock, valued at $768,031.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Scott T. Anderson sold 12,144 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $50.76, for a total transaction of $616,429.44. Following the completion of the transaction, the senior vice president now directly owns 3,600 shares in the company, valued at approximately $182,736. The disclosure for this sale can be found here. Insiders sold 73,982 shares of company stock valued at $3,747,332 over the last quarter. Insiders own 11.19% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RUSHA. Ameritas Investment Partners Inc. raised its holdings in shares of Rush Enterprises by 8.3% during the second quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock valued at $152,000 after buying an additional 316 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Rush Enterprises by 70.7% during the third quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock valued at $157,000 after buying an additional 1,393 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Rush Enterprises during the third quarter valued at approximately $182,000. Trexquant Investment LP bought a new stake in shares of Rush Enterprises during the third quarter valued at approximately $204,000. Finally, Wrapmanager Inc. bought a new stake in shares of Rush Enterprises during the third quarter valued at approximately $216,000. 76.37% of the stock is currently owned by institutional investors.

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Rush Enterprises Company Profile

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

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