Rush Enterprises, Inc. (RUSHA) Price Target Raised to $45.00

Rush Enterprises, Inc. (NASDAQ:RUSHA) had its price target increased by Stifel Nicolaus from $41.00 to $45.00 in a research report report published on Monday, October 30th. Stifel Nicolaus currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Rush Enterprises from a hold rating to a strong-buy rating and set a $53.00 target price on the stock in a report on Wednesday, October 18th. BMO Capital Markets reaffirmed a market perform rating and issued a $50.00 target price (up previously from $42.00) on shares of Rush Enterprises in a report on Monday, October 30th. They noted that the move was a valuation call. ValuEngine raised Rush Enterprises from a hold rating to a buy rating in a report on Friday, September 1st. Buckingham Research started coverage on Rush Enterprises in a report on Tuesday, September 5th. They issued a neutral rating and a $40.00 target price on the stock. Finally, BidaskClub downgraded Rush Enterprises from a buy rating to a hold rating in a report on Saturday, August 12th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $46.00.

Shares of Rush Enterprises (NASDAQ RUSHA) traded down $0.62 during midday trading on Monday, hitting $49.37. The stock had a trading volume of 219,200 shares, compared to its average volume of 219,742. The company has a market capitalization of $1,964.38, a price-to-earnings ratio of 25.58, a P/E/G ratio of 1.58 and a beta of 1.20. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.28 and a current ratio of 1.13. Rush Enterprises has a one year low of $25.60 and a one year high of $54.11.

Rush Enterprises (NASDAQ:RUSHA) last announced its earnings results on Wednesday, October 25th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.25. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. Rush Enterprises had a return on equity of 8.95% and a net margin of 1.74%. research analysts predict that Rush Enterprises will post 2.08 earnings per share for the current fiscal year.

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In other news, EVP Derrek Weaver sold 26,732 shares of Rush Enterprises stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $52.13, for a total value of $1,393,539.16. Following the completion of the transaction, the executive vice president now directly owns 14,733 shares of the company’s stock, valued at approximately $768,031.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William M. Rusty Rush sold 10,906 shares of Rush Enterprises stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $51.24, for a total value of $558,823.44. Following the completion of the transaction, the chief executive officer now directly owns 96,155 shares of the company’s stock, valued at $4,926,982.20. The disclosure for this sale can be found here. 11.19% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Rush Enterprises by 8.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,939,802 shares of the company’s stock valued at $109,302,000 after buying an additional 230,463 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Rush Enterprises by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,570,095 shares of the company’s stock valued at $95,556,000 after buying an additional 20,728 shares in the last quarter. FMR LLC increased its position in Rush Enterprises by 11.6% in the 1st quarter. FMR LLC now owns 1,666,196 shares of the company’s stock valued at $55,119,000 after buying an additional 173,370 shares in the last quarter. Northern Trust Corp increased its position in Rush Enterprises by 7.5% in the 2nd quarter. Northern Trust Corp now owns 989,043 shares of the company’s stock valued at $36,773,000 after buying an additional 69,015 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Rush Enterprises by 17.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 799,150 shares of the company’s stock valued at $29,712,000 after buying an additional 118,386 shares in the last quarter. 75.52% of the stock is owned by institutional investors and hedge funds.

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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