Rush Enterprises (NASDAQ:RUSHA) Downgraded by BidaskClub

BidaskClub lowered shares of Rush Enterprises (NASDAQ:RUSHA) from a sell rating to a strong sell rating in a research report released on Saturday, BidAskClub reports.

RUSHA has been the subject of a number of other reports. Zacks Investment Research upgraded shares of HENKEL AG & CO/S from a sell rating to a hold rating in a report on Thursday, June 6th. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a report on Friday. Finally, Longbow Research lowered shares of Rush Enterprises from a buy rating to a neutral rating in a report on Monday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Rush Enterprises presently has an average rating of Hold and a consensus target price of $43.00.

Shares of NASDAQ RUSHA opened at $35.16 on Friday. Rush Enterprises has a twelve month low of $31.53 and a twelve month high of $45.99. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.58 and a beta of 1.33. The stock has a 50 day moving average price of $35.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.21 and a current ratio of 1.10.

Rush Enterprises (NASDAQ:RUSHA) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.10. Rush Enterprises had a net margin of 2.76% and a return on equity of 15.19%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.48 billion. Equities research analysts predict that Rush Enterprises will post 4.08 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in RUSHA. LPL Financial LLC increased its position in shares of Rush Enterprises by 19.1% during the 4th quarter. LPL Financial LLC now owns 11,287 shares of the company’s stock worth $389,000 after purchasing an additional 1,811 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Rush Enterprises by 23.6% during the 4th quarter. Bank of New York Mellon Corp now owns 359,345 shares of the company’s stock worth $12,391,000 after purchasing an additional 68,625 shares during the last quarter. Raymond James & Associates increased its position in shares of Rush Enterprises by 4.8% during the 4th quarter. Raymond James & Associates now owns 6,939 shares of the company’s stock worth $239,000 after purchasing an additional 320 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Rush Enterprises by 9.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 3,683 shares of the company’s stock worth $122,000 after purchasing an additional 321 shares during the last quarter. Finally, United Services Automobile Association increased its position in shares of Rush Enterprises by 3.5% during the 4th quarter. United Services Automobile Association now owns 280,040 shares of the company’s stock worth $9,656,000 after purchasing an additional 9,420 shares during the last quarter. Institutional investors and hedge funds own 74.99% of the company’s stock.

About Rush Enterprises

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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