Rush Enterprises (NASDAQ:RUSHA) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Rush Enterprises (NASDAQ:RUSHA) from a sell rating to a strong sell rating in a research report report published on Thursday, ValuEngine reports.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Rush Enterprises from a buy rating to a hold rating in a research report on Tuesday, October 1st. BidaskClub downgraded shares of Rush Enterprises from a buy rating to a hold rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Rush Enterprises has a consensus rating of Hold and an average target price of $43.00.

NASDAQ:RUSHA traded up $0.25 during trading hours on Thursday, reaching $38.09. The company had a trading volume of 85,395 shares, compared to its average volume of 172,688. The company has a current ratio of 1.11, a quick ratio of 0.22 and a debt-to-equity ratio of 0.50. Rush Enterprises has a 52 week low of $31.53 and a 52 week high of $45.99. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.62 and a beta of 1.33. The firm’s 50 day moving average price is $37.93 and its 200-day moving average price is $38.32.

Rush Enterprises (NASDAQ:RUSHA) last posted its earnings results on Wednesday, July 24th. The company reported $1.10 EPS for the quarter, hitting analysts’ consensus estimates of $1.10. Rush Enterprises had a net margin of 2.88% and a return on equity of 15.38%. The business had revenue of $1.54 billion during the quarter. On average, analysts forecast that Rush Enterprises will post 4 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Denali Advisors LLC grew its position in shares of Rush Enterprises by 157.7% during the 3rd quarter. Denali Advisors LLC now owns 54,900 shares of the company’s stock valued at $2,118,000 after acquiring an additional 33,600 shares during the period. Magnetar Financial LLC grew its position in shares of Rush Enterprises by 2.9% during the 2nd quarter. Magnetar Financial LLC now owns 23,289 shares of the company’s stock valued at $851,000 after acquiring an additional 662 shares during the period. UBS Group AG grew its position in shares of Rush Enterprises by 908.3% during the 2nd quarter. UBS Group AG now owns 191,036 shares of the company’s stock valued at $6,976,000 after acquiring an additional 172,090 shares during the period. Summit Global Investments bought a new stake in shares of Rush Enterprises during the 2nd quarter valued at $738,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Rush Enterprises during the 2nd quarter valued at $9,481,000. 74.34% of the stock is owned by hedge funds and other 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.

Further Reading: Percentage Decliners

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