Rush Enterprises (NASDAQ:RUSHA) Stock Passes Above 200 Day Moving Average – Time to Sell?

by · The Cerbat Gem

Shares of Rush Enterprises, Inc. (NASDAQ:RUSHA – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $54.10 and traded as high as $61.94. Rush Enterprises shares last traded at $61.47, with a volume of 374,641 shares traded.

Analyst Ratings Changes

RUSHA has been the topic of several research analyst reports. Stephens lowered their price objective on shares of Rush Enterprises from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Zacks Research raised shares of Rush Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Rush Enterprises in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Check Out Our Latest Stock Analysis on RUSHA

Rush Enterprises Trading Up 0.1%

The business’s 50 day moving average price is $54.39 and its 200-day moving average price is $54.17. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.34 and a current ratio of 1.37.

Rush Enterprises (NASDAQ:RUSHA – Get Free Report) last issued its earnings results on Wednesday, October 29th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.02. Rush Enterprises had a net margin of 3.57% and a return on equity of 12.52%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.75 billion. On average, research analysts forecast that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, November 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.2%. Rush Enterprises’s dividend payout ratio is presently 22.55%.

Institutional Trading of Rush Enterprises

A number of large investors have recently bought and sold shares of RUSHA. Exchange Traded Concepts LLC acquired a new position in Rush Enterprises during the fourth quarter worth $94,000. SG Americas Securities LLC increased its position in shares of Rush Enterprises by 63.9% during the 4th quarter. SG Americas Securities LLC now owns 27,040 shares of the company’s stock worth $1,459,000 after purchasing an additional 10,545 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Rush Enterprises by 4.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 44,901 shares of the company’s stock worth $2,549,000 after purchasing an additional 1,817 shares in the last quarter. Allworth Financial LP lifted its holdings in Rush Enterprises by 5,790.9% during the 3rd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $35,000 after purchasing an additional 637 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in Rush Enterprises by 495.4% in the third quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after buying an additional 431 shares in the last quarter. 84.43% of the stock is currently owned by institutional investors.

About Rush Enterprises

(Get Free Report)

Rush Enterprises, Inc, headquartered in New Braunfels, Texas, is a leading distributor of commercial vehicles and related products in the United States. Through its Rush Truck Centers subsidiary, the company sells new and used medium- and heavy-duty trucks, buses and specialty vehicles, while also offering factory-authorized parts, collision repair, maintenance and warranty support across its network of dealerships.

Founded in 1965, Rush Enterprises has grown to encompass more than 150 locations in over 20 states, partnering with major manufacturers including Kenworth, Peterbilt, Freightliner, Volvo and Mack.

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