Stephens upgraded shares of Rush Enterprises (NASDAQ:RUSHA) from an equal weight rating to an overweight rating in a research report released on Friday morning, MarketBeat.com reports.

Several other equities research analysts have also issued reports on RUSHA. Zacks Investment Research raised shares of Rush Enterprises from a hold rating to a strong-buy rating and set a $53.00 price objective for the company in a research report on Wednesday, October 18th. BMO Capital Markets reissued a market perform rating and issued a $50.00 price objective (up previously from $42.00) on shares of Rush Enterprises in a research report on Monday, October 30th. They noted that the move was a valuation call. Stifel Nicolaus increased their price objective on shares of Rush Enterprises from $41.00 to $45.00 and gave the stock a hold rating in a research report on Monday, October 30th. BidaskClub lowered shares of Rush Enterprises from a buy rating to a hold rating in a research report on Saturday, December 9th. Finally, ValuEngine lowered shares of Rush Enterprises from a buy rating to a hold rating in a research report on Wednesday, December 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and an average price target of $51.00.

Shares of Rush Enterprises (NASDAQ:RUSHA) opened at $47.49 on Friday. Rush Enterprises has a 52-week low of $30.74 and a 52-week high of $55.40. The stock has a market cap of $1,880.00, a price-to-earnings ratio of 24.61, a PEG ratio of 1.18 and a beta of 1.09. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55.

Rush Enterprises announced that its board has authorized a share buyback plan on Thursday, November 30th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

In related news, SVP James E. Thor sold 24,200 shares of the firm’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $48.70, for a total transaction of $1,178,540.00. Following the completion of the sale, the senior vice president now directly owns 39,032 shares of the company’s stock, valued at approximately $1,900,858.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Scott T. Anderson sold 12,144 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $50.76, for a total transaction of $616,429.44. Following the sale, the senior vice president now directly owns 3,600 shares of the company’s stock, valued at $182,736. The disclosure for this sale can be found here. 11.19% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in RUSHA. Ameritas Investment Partners Inc. grew its holdings in Rush Enterprises by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,112 shares of the company’s stock worth $152,000 after acquiring an additional 316 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Rush Enterprises by 70.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 3,362 shares of the company’s stock worth $157,000 after acquiring an additional 1,393 shares in the last quarter. Sei Investments Co. acquired a new position in Rush Enterprises during the 3rd quarter worth $182,000. Trexquant Investment LP acquired a new position in Rush Enterprises during the 3rd quarter worth $204,000. Finally, Wrapmanager Inc. acquired a new position in Rush Enterprises during the 3rd quarter worth $216,000. 77.80% of the stock is owned by institutional investors.

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About Rush Enterprises

Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.

Analyst Recommendations for Rush Enterprises (NASDAQ:RUSHA)

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