Rush Enterprises (NASDAQ:RUSHA) Receives Overweight Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Rush Enterprises (NASDAQ:RUSHA) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $69.00 target price on the stock.

Rush Enterprises Trading Up 1.3 %

NASDAQ:RUSHA opened at $61.99 on Wednesday. The firm has a market cap of $4.90 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 1.40. Rush Enterprises has a 52 week low of $40.99 and a 52 week high of $65.43. The firm’s fifty day moving average is $58.30 and its 200-day moving average is $55.96.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.09. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.86 billion. Rush Enterprises had a return on equity of 15.43% and a net margin of 3.93%. Equities analysts expect that Rush Enterprises will post 3.66 earnings per share for the current year.

Rush Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 3rd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.16%. Rush Enterprises’s payout ratio is currently 19.10%.

Institutional Trading of Rush Enterprises

Hedge funds have recently bought and sold shares of the business. Dean Investment Associates LLC bought a new stake in Rush Enterprises during the 3rd quarter worth approximately $1,986,000. Vaughan Nelson Investment Management L.P. raised its position in Rush Enterprises by 13.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,186,393 shares of the company’s stock valued at $62,677,000 after buying an additional 138,488 shares during the last quarter. Costello Asset Management INC lifted its stake in Rush Enterprises by 3,793.9% during the 4th quarter. Costello Asset Management INC now owns 42,833 shares of the company’s stock valued at $2,347,000 after acquiring an additional 41,733 shares in the last quarter. Intech Investment Management LLC purchased a new position in Rush Enterprises during the 3rd quarter worth $1,523,000. Finally, Tensile Capital Management LP bought a new stake in shares of Rush Enterprises in the 3rd quarter worth $1,815,000. Institutional investors and hedge funds own 84.43% 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 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.