BidaskClub upgraded shares of Rush Enterprises (NASDAQ:RUSHB) from a hold rating to a buy rating in a research report report published on Friday morning, BidAskClub reports.
RUSHB traded down $0.53 on Friday, reaching $38.62. The company’s stock had a trading volume of 9 shares, compared to its average volume of 8,087. The firm has a market cap of $1.44 billion, a PE ratio of 9.08 and a beta of 1.12. Rush Enterprises has a 1 year low of $32.35 and a 1 year high of $45.51. 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 50 day moving average of $37.55.
Rush Enterprises (NASDAQ:RUSHB) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $1.10 EPS for the quarter. The firm had revenue of $1.54 billion during the quarter. Rush Enterprises had a return on equity of 15.50% and a net margin of 2.88%.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, August 8th. This is an increase from Rush Enterprises’s previous quarterly dividend of $0.12.
A number of large investors have recently added to or reduced their stakes in RUSHB. BlackRock Inc. raised its position in shares of Rush Enterprises by 1.5% during the 4th quarter. BlackRock Inc. now owns 285,056 shares of the company’s stock worth $10,147,000 after purchasing an additional 4,269 shares during the period. Bank of New York Mellon Corp increased its position in Rush Enterprises by 83.1% in the 4th quarter. Bank of New York Mellon Corp now owns 27,767 shares of the company’s stock valued at $988,000 after acquiring an additional 12,600 shares during the period. Geode Capital Management LLC increased its position in Rush Enterprises by 23.2% in the 4th quarter. Geode Capital Management LLC now owns 20,810 shares of the company’s stock valued at $740,000 after acquiring an additional 3,917 shares during the period. South Texas Money Management Ltd. acquired a new stake in Rush Enterprises in the 1st quarter valued at approximately $230,000. Finally, Muhlenkamp & Co. Inc. acquired a new stake in Rush Enterprises in the 1st quarter valued at approximately $202,000. 10.23% 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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