ValuEngine lowered shares of Rush Enterprises (NASDAQ:RUSHA) from a buy rating to a hold rating in a research report released on Friday.
A number of other equities analysts also recently commented on the stock. Stifel Nicolaus reaffirmed a hold rating and set a $45.00 price objective (down from $49.00) on shares of Rush Enterprises in a report on Tuesday, February 20th. BMO Capital Markets reduced their price objective on shares of Rush Enterprises from $50.00 to $45.00 and set a market perform rating for the company in a report on Tuesday, February 20th. Stephens raised shares of Rush Enterprises from an equal weight rating to an overweight rating in a report on Friday, February 9th. BidaskClub downgraded shares of Rush Enterprises from a hold rating to a sell rating in a report on Friday, February 9th. Finally, Zacks Investment Research raised shares of Rush Enterprises from a hold rating to a buy rating and set a $54.00 price target for the company in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $49.20.
Rush Enterprises (NASDAQ RUSHA) opened at $42.36 on Friday. The company has a market cap of $1,690.00, a PE ratio of 6.89, a PEG ratio of 1.00 and a beta of 1.09. Rush Enterprises has a 1-year low of $30.74 and a 1-year high of $55.40. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55.
In related news, SVP Scott T. Anderson sold 12,144 shares of Rush Enterprises stock in a transaction dated Wednesday, December 6th. The shares were 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 of the company’s stock, valued at approximately $182,736. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.19% of the company’s stock.
A number of hedge funds have recently made changes to their positions in RUSHA. Hennessy Advisors Inc. bought a new position in Rush Enterprises during the 4th quarter valued at about $30,953,000. Renaissance Technologies LLC raised its stake in shares of Rush Enterprises by 39.1% in the fourth quarter. Renaissance Technologies LLC now owns 731,078 shares of the company’s stock worth $37,146,000 after acquiring an additional 205,400 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Rush Enterprises by 222.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 146,500 shares of the company’s stock worth $7,444,000 after acquiring an additional 101,100 shares during the last quarter. Millennium Management LLC raised its stake in shares of Rush Enterprises by 17.8% in the fourth quarter. Millennium Management LLC now owns 640,634 shares of the company’s stock worth $32,551,000 after acquiring an additional 96,875 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Rush Enterprises by 3.6% in the fourth quarter. BlackRock Inc. now owns 2,089,053 shares of the company’s stock worth $106,146,000 after acquiring an additional 71,825 shares during the last quarter. 77.02% of the stock is owned by hedge funds and other 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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