Rush Enterprises (NASDAQ:RUSHB) Downgraded by ValuEngine to “Sell”

ValuEngine cut shares of Rush Enterprises (NASDAQ:RUSHB) from a hold rating to a sell rating in a report published on Tuesday morning, ValuEngine reports.

Separately, BidaskClub raised Rush Enterprises from a hold rating to a buy rating in a research report on Wednesday, November 27th.

Shares of Rush Enterprises stock opened at $44.84 on Tuesday. The stock has a market cap of $1.62 billion, a P/E ratio of 10.54 and a beta of 1.14. The company has a quick ratio of 0.23, a current ratio of 1.14 and a debt-to-equity ratio of 0.50. Rush Enterprises has a 12-month low of $32.35 and a 12-month high of $46.00. The business’s 50 day moving average is $43.47 and its 200-day moving average is $39.62.

Rush Enterprises (NASDAQ:RUSHB) last released its earnings results on Wednesday, October 23rd. The company reported $1.05 earnings per share for the quarter. The business had revenue of $1.60 billion during the quarter. Rush Enterprises had a net margin of 2.73% and a return on equity of 14.98%.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 8th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, November 7th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in Rush Enterprises by 399.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock valued at $30,000 after purchasing an additional 611 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Rush Enterprises in the third quarter valued at about $44,000. Baker Ellis Asset Management LLC bought a new position in shares of Rush Enterprises in the second quarter valued at about $102,000. Morgan Stanley raised its position in shares of Rush Enterprises by 207.4% in the second quarter. Morgan Stanley now owns 3,486 shares of the company’s stock valued at $129,000 after purchasing an additional 2,352 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Rush Enterprises by 9.3% during the 3rd quarter. Rhumbline Advisers now owns 7,230 shares of the company’s stock worth $289,000 after buying an additional 613 shares during the last quarter. Institutional investors and hedge funds own 10.09% of the company’s stock.

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. 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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