Rush Enterprises (NASDAQ:RUSHB) Sets New 1-Year High at $46.00

Rush Enterprises, Inc. (NASDAQ:RUSHB)’s share price reached a new 52-week high on Wednesday . The company traded as high as $46.00 and last traded at $46.00, with a volume of 971 shares traded. The stock had previously closed at $44.84.

RUSHB has been the subject of a number of recent analyst reports. ValuEngine downgraded Rush Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub raised Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th.

The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 10.54 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.14 and a quick ratio of 0.23. The firm has a fifty day simple moving average of $43.47 and a two-hundred day simple moving average of $39.62.

Rush Enterprises (NASDAQ:RUSHB) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.05 EPS for the quarter. The firm had revenue of $1.60 billion during the quarter. Rush Enterprises had a net margin of 2.73% and a return on equity of 14.98%.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 8th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, November 7th.

A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its holdings in Rush Enterprises by 399.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 764 shares of the company’s stock worth $30,000 after buying an additional 611 shares during the period. Whittier Trust Co. acquired a new stake in Rush Enterprises during the 3rd quarter valued at approximately $44,000. Baker Ellis Asset Management LLC acquired a new stake in Rush Enterprises during the 2nd quarter valued at approximately $102,000. Morgan Stanley boosted its holdings in shares of Rush Enterprises by 207.4% in the 2nd quarter. Morgan Stanley now owns 3,486 shares of the company’s stock valued at $129,000 after acquiring an additional 2,352 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Rush Enterprises by 9.3% in the 3rd quarter. Rhumbline Advisers now owns 7,230 shares of the company’s stock valued at $289,000 after acquiring an additional 613 shares during the last quarter. Institutional investors and hedge funds own 10.09% of the company’s stock.

About Rush Enterprises (NASDAQ:RUSHB)

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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