Rush Enterprises, Inc. (NASDAQ:RUSHA) has been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $44.00.

Several equities analysts recently commented on the stock. ValuEngine cut shares of Rush Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, May 18th. BidaskClub cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Longbow Research cut Rush Enterprises from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. Finally, Zacks Investment Research cut Rush Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th.

Shares of Rush Enterprises stock traded down $0.46 on Thursday, reaching $36.08. The stock had a trading volume of 5,212 shares, compared to its average volume of 200,488. The company has a current ratio of 1.10, a quick ratio of 0.21 and a debt-to-equity ratio of 0.49. Rush Enterprises has a fifty-two week low of $31.53 and a fifty-two week high of $46.34. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.62 and a beta of 1.30.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.10. Rush Enterprises had a net margin of 2.76% and a return on equity of 15.19%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.48 billion. As a group, research analysts predict that Rush Enterprises will post 4.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 9th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, May 8th. Rush Enterprises’s dividend payout ratio is presently 12.47%.

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Rush Enterprises by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,101,928 shares of the company’s stock valued at $43,316,000 after buying an additional 174,219 shares during the period. Morgan Stanley grew its holdings in shares of Rush Enterprises by 115.5% during the third quarter. Morgan Stanley now owns 153,102 shares of the company’s stock worth $6,019,000 after purchasing an additional 82,059 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Rush Enterprises by 7.7% during the third quarter. Vanguard Group Inc. now owns 4,085,970 shares of the company’s stock worth $160,809,000 after purchasing an additional 291,917 shares during the last quarter. Federated Investors Inc. PA grew its holdings in shares of Rush Enterprises by 1.5% during the third quarter. Federated Investors Inc. PA now owns 189,313 shares of the company’s stock worth $7,442,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Rush Enterprises by 3.8% in the third quarter. Legal & General Group Plc now owns 25,425 shares of the company’s stock worth $1,000,000 after acquiring an additional 942 shares during the period. Hedge funds and other institutional investors own 72.80% 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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