Rush Enterprises (NASDAQ:RUSHA) Sets New 1-Year High at $52.49

Rush Enterprises, Inc. (NASDAQ:RUSHA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $52.49 and last traded at $52.34, with a volume of 60179 shares trading hands. The stock had previously closed at $51.72.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on RUSHA. StockNews.com downgraded shares of Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Stephens restated an “overweight” rating and set a $58.00 target price on shares of Rush Enterprises in a research report on Wednesday, February 14th.

Rush Enterprises Stock Up 0.7 %

The company has a market capitalization of $4.06 billion, a P/E ratio of 12.48, a PEG ratio of 1.11 and a beta of 1.01. The firm’s 50 day moving average price is $47.17 and its two-hundred day moving average price is $43.23. The company has a current ratio of 1.35, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11. Rush Enterprises had a net margin of 4.38% and a return on equity of 18.44%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $1.16 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that Rush Enterprises, Inc. will post 3.12 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Tuesday, February 27th were paid a $0.17 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.68 annualized dividend and a dividend yield of 1.31%. Rush Enterprises’s dividend payout ratio is presently 16.41%.

Insider Activity at Rush Enterprises

In other Rush Enterprises news, SVP Jody Pollard sold 11,250 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $48.28, for a total transaction of $543,150.00. Following the completion of the sale, the senior vice president now owns 2,777 shares of the company’s stock, valued at approximately $134,073.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rush Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Rush Enterprises by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 7,336,456 shares of the company’s stock worth $369,024,000 after buying an additional 420,978 shares in the last quarter. Wellington Management Group LLP raised its stake in Rush Enterprises by 2.6% in the fourth quarter. Wellington Management Group LLP now owns 6,354,756 shares of the company’s stock valued at $319,644,000 after purchasing an additional 161,679 shares in the last quarter. BlackRock Inc. raised its stake in Rush Enterprises by 25.0% in the third quarter. BlackRock Inc. now owns 5,016,778 shares of the company’s stock valued at $220,037,000 after purchasing an additional 1,002,869 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Rush Enterprises by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,765,604 shares of the company’s stock valued at $239,704,000 after purchasing an additional 32,091 shares in the last quarter. Finally, FMR LLC raised its stake in Rush Enterprises by 51.7% in the third quarter. FMR LLC now owns 3,581,306 shares of the company’s stock valued at $146,225,000 after purchasing an additional 1,220,003 shares in the last quarter. Institutional investors and hedge funds own 84.43% 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 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.