Rush Enterprises, Inc. (NASDAQ:RUSHA) Stock Has Average Target Price of $46.00

Rush Enterprises, Inc. (NASDAQ:RUSHA) has earned a consensus rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.00.

A number of analysts have issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a $56.67 target price (up from $52.00) on shares of Rush Enterprises in a research note on Tuesday, August 25th. Stephens boosted their price target on shares of Rush Enterprises from $40.00 to $42.22 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Zacks Research cut shares of Rush Enterprises from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 2nd. Weiss Ratings raised shares of Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th.

Insiders Place Their Bets

In other news, CFO Steven Keller sold 46,525 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $35.88, for a total transaction of $1,669,317.00. Following the completion of the transaction, the chief financial officer directly owned 189,841 shares in the company, valued at approximately $6,811,495.08. This represents a 19.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Rush sold 161,041 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $36.02, for a total value of $5,801,054.69. Following the sale, the chief executive officer directly owned 391,846 shares of the company’s stock, valued at $14,115,163.69. The trade was a 29.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 252,561 shares of company stock valued at $9,092,298. 12.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new position in Rush Enterprises during the fourth quarter worth about $776,000. Granite Investment Partners LLC increased its position in shares of Rush Enterprises by 124.1% during the first quarter. Granite Investment Partners LLC now owns 143,619 shares of the company’s stock valued at $9,495,000 after acquiring an additional 79,535 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Rush Enterprises by 83.9% during the first quarter. Janus Henderson Group PLC now owns 724,410 shares of the company’s stock valued at $47,920,000 after acquiring an additional 330,553 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. purchased a new stake in shares of Rush Enterprises in the 1st quarter valued at approximately $3,655,000. Finally, SEB Asset Management AB purchased a new stake in shares of Rush Enterprises in the 1st quarter valued at approximately $11,286,000. Institutional investors and hedge funds own 84.43% of the company’s stock.

Rush Enterprises Stock Performance

Shares of Rush Enterprises stock opened at $45.06 on Tuesday. Rush Enterprises has a one year low of $30.45 and a one year high of $55.74. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 1.63 and a beta of 0.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.38 and a current ratio of 1.45. The business’s 50 day moving average price is $49.03 and its 200 day moving average price is $38.14.

Rush Enterprises (NASDAQ:RUSHA) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.89 billion. Rush Enterprises had a return on equity of 11.65% and a net margin of 3.67%. On average, research analysts predict that Rush Enterprises will post 2.43 EPS for the current year.

Rush Enterprises Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Wednesday, September 9th were paid a $0.14 dividend. This is a drop from Rush Enterprises’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. Rush Enterprises’s dividend payout ratio is currently 25.34%.

Rush Enterprises Company Profile

Rush Enterprises, Inc is a commercial vehicle solutions provider operating through the Rush Truck Centers network. The company sells new and used commercial trucks, including vehicles from manufacturers such as Peterbilt, International, Hino, Isuzu and Ford, along with related buses and specialty vehicles in selected markets.

In addition to vehicle sales, Rush provides parts, maintenance and repair services through its dealership network. Its offerings also include truck leasing and rentals, collision repair, mobile service, aftermarket products, and fleet-management and technology solutions designed to support commercial transportation operators.

Founded in 1965 and headquartered in New Braunfels, Texas, Rush has expanded from its original Peterbilt dealership into one of the largest commercial vehicle dealership networks in the United States.