Rush Enterprises’ (RUSHA) “Overweight” Rating Reaffirmed at Stephens

Rush Enterprises (NASDAQ:RUSHA)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a research report issued on Wednesday,Benzinga reports. They currently have a $69.00 target price on the stock. Stephens’ price objective indicates a potential upside of 18.35% from the company’s current price.

Rush Enterprises Stock Down 6.0 %

Shares of RUSHA stock opened at $58.30 on Wednesday. The stock has a 50 day moving average of $58.25 and a 200 day moving average of $55.98. The company has a current ratio of 1.40, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4.61 billion, a P/E ratio of 15.63, a P/E/G ratio of 2.43 and a beta of 1.02. Rush Enterprises has a twelve month low of $40.99 and a twelve month high of $65.43.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.09. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Rush Enterprises had a return on equity of 15.01% and a net margin of 3.90%. As a group, sell-side analysts expect that Rush Enterprises will post 3.92 EPS for the current year.

Institutional Trading of Rush Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Rush Enterprises by 34.8% in the third quarter. FMR LLC now owns 5,174,262 shares of the company’s stock worth $273,356,000 after acquiring an additional 1,336,528 shares during the last quarter. State Street Corp boosted its stake in shares of Rush Enterprises by 0.7% in the third quarter. State Street Corp now owns 2,349,597 shares of the company’s stock worth $124,129,000 after acquiring an additional 16,082 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Rush Enterprises by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,616,048 shares of the company’s stock worth $85,390,000 after acquiring an additional 16,803 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Rush Enterprises by 3.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,222,719 shares of the company’s stock worth $66,993,000 after acquiring an additional 36,326 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its stake in shares of Rush Enterprises by 0.5% in the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,567 shares of the company’s stock worth $58,821,000 after acquiring an additional 5,823 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Rush Enterprises Company Profile

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States and Canada. 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, IC Bus, Blue Bird, and Dennis Eagle.