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

Rush Enterprises, Inc. (NASDAQ:RUSHA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $59.44 and traded as high as $71.01. Rush Enterprises shares last traded at $69.96, with a volume of 309,364 shares.

Analysts Set New Price Targets

Several research firms have recently commented on RUSHA. Wall Street Zen lowered Rush Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. UBS Group reissued a “neutral” rating and set a $73.00 price objective (up from $70.00) on shares of Rush Enterprises in a research report on Wednesday, February 18th. Stephens reissued an “overweight” rating and set a $80.00 price objective (up from $55.00) on shares of Rush Enterprises in a research report on Thursday, February 19th. Finally, Weiss Ratings raised Rush Enterprises from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.50.

Rush Enterprises Stock Up 5.8%

The business has a 50-day moving average of $68.54 and a 200-day moving average of $59.65. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.37 and a current ratio of 1.40. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.38 and a beta of 0.89.

Rush Enterprises (NASDAQ:RUSHA) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.12. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.72 billion. Rush Enterprises had a return on equity of 11.96% and a net margin of 3.55%. On average, sell-side analysts expect that Rush Enterprises, Inc. will post 3.91 EPS for the current year.

Rush Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Tuesday, March 3rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, March 3rd. Rush Enterprises’s payout ratio is currently 23.24%.

Insider Transactions at Rush Enterprises

In other Rush Enterprises news, Director Raymond Joseph Chess sold 10,000 shares of Rush Enterprises stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $65.05, for a total value of $650,500.00. Following the completion of the transaction, the director directly owned 41,170 shares of the company’s stock, valued at $2,678,108.50. The trade was a 19.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Michael L. Goldstone sold 4,500 shares of Rush Enterprises stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $71.86, for a total value of $323,370.00. Following the completion of the transaction, the senior vice president directly owned 12,590 shares of the company’s stock, valued at approximately $904,717.40. This represents a 26.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 33,750 shares of company stock valued at $2,349,450. 12.28% of the stock is owned by insiders.

Hedge Funds Weigh In On Rush Enterprises

Several institutional investors have recently bought and sold shares of RUSHA. Farther Finance Advisors LLC grew its position in Rush Enterprises by 250.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 511 shares of the company’s stock valued at $27,000 after acquiring an additional 365 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Rush Enterprises by 495.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 518 shares of the company’s stock valued at $28,000 after acquiring an additional 431 shares in the last quarter. Private Trust Co. NA grew its position in Rush Enterprises by 211.4% in the 4th quarter. Private Trust Co. NA now owns 545 shares of the company’s stock valued at $29,000 after acquiring an additional 370 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Rush Enterprises during the third quarter worth about $34,000. Finally, Allworth Financial LP grew its position in shares of Rush Enterprises by 5,790.9% during the third quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $35,000 after buying an additional 637 shares in the last quarter. 84.43% of the stock is owned by institutional investors and hedge funds.

Rush Enterprises Company Profile

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.