Rush Enterprises (NASDAQ:RUSHA) Given "Overweight" Rating at Stephens

Rush Enterprises (NASDAQ:RUSHA - Get Free Report)'s stock had its "overweight" rating reaffirmed by Stephens in a research report issued on Wednesday,Benzinga reports. They presently have a $69.00 target price on the stock. Stephens' price objective points to a potential upside of 23.83% from the company's current price.

Rush Enterprises Trading Down 4.4 %

Rush Enterprises stock traded down $2.58 during midday trading on Wednesday, reaching $55.72. The stock had a trading volume of 370,896 shares, compared to its average volume of 287,541. Rush Enterprises has a twelve month low of $40.99 and a twelve month high of $65.43. The stock has a market capitalization of $4.40 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.04 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 1.45. The stock's 50-day simple moving average is $58.16 and its 200 day simple moving average is $56.05.

Rush Enterprises (NASDAQ:RUSHA - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.09. Rush Enterprises had a return on equity of 14.76% and a net margin of 3.90%. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.86 billion. Analysts expect that Rush Enterprises will post 3.91 EPS for the current year.

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Insiders Place Their Bets

In other news, Director Michael Mcroberts sold 4,000 shares of Rush Enterprises stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $58.52, for a total transaction of $234,080.00. Following the sale, the director now directly owns 15,771 shares of the company's stock, valued at approximately $922,918.92. The trade was a 20.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.53% of the stock is currently owned by insiders.

Institutional Trading of Rush Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its position in shares of Rush Enterprises by 266.1% during the third quarter. Blue Trust Inc. now owns 703 shares of the company's stock worth $37,000 after acquiring an additional 511 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Rush Enterprises by 475.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 851 shares of the company's stock valued at $46,000 after buying an additional 703 shares during the last quarter. GAMMA Investing LLC increased its holdings in Rush Enterprises by 24.4% in the fourth quarter. GAMMA Investing LLC now owns 979 shares of the company's stock valued at $54,000 after buying an additional 192 shares during the last quarter. Costello Asset Management INC bought a new stake in Rush Enterprises in the third quarter valued at about $58,000. Finally, Tower Research Capital LLC TRC increased its holdings in Rush Enterprises by 121.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the company's stock valued at $62,000 after buying an additional 616 shares during the last quarter. 84.43% of the stock is owned by hedge funds and other institutional investors.

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.